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The Central Bank of Egypt (CBE) yesterday announced the decision to reduce interest rates by 1.5%.
Lower interest rate
It should be noted that the Egyptian Central Bank issued at the meeting of the Monetary Policy Committee on Thursday, August 22, 2019, a 1.5% interest rate reduction on loans and deposits, the price of Corrador s 'establishing at 14.25 for deposits and at 15.25 for loans.
Floating rate certificates are linked to the average interest rate of the Central Bank of Egypt, whether it is a rise or fall in the rate of interest. interest, in accordance with the decision of the Central Bank.
Official banks in Egypt are trying to offer many advantages over variable or fixed income investment certificates in order to attract many clients.
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