Central Bank examines deposit and lending rates today

The Monetary Policy Committee, chaired by Tariq Amer, Governor of the Central Bank of Egypt, will discuss the deposit and lending rates on Thursday 14 February 2019. The Monetary Policy Committee of the Central Bank decided on Thursday 14 February 2019 to reduce both the deposit rate and the deposit rate. Central Bank 100 basis points to 15.75%, 16.75% and 16.25%, respectively, and reduction in the price of credit and discount of 100 basis points to 16.25%.

In times of economic slowdown and high inflation rates, Egyptians use their surplus funds in safe and profitable sanctuaries that generate returns that absorb inflationary effects – high prices of goods and services – and these ships can develop financial resources through various means.