The Central Bank of Egypt. The Monetary Policy Committee lowered the deposit rate 100 basis points to 13.25 per cent and brought the lending rate down to 14.25 per cent, on Thursday. Reuters
The Central Bank of Egypt. The Monetary Policy Committee lowered the deposit rate 100 basis points to 13.25 per cent and brought the lending rate down to 14.25 per cent, on Thursday. Reuters

Banking

Egypt cuts interest rates for the third time this year as stocks rebound

The Arab world’s most populous nation has been determined to bring inflation under control after it devalued the currency by half in 2016

Bloomberg

September 26, 2019