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From – Islam Fadl:
Cairo – Mubasher: The president of Bank Misr, the second largest public bank in the country, revealed that the bank would reduce interest rates on variable certificates after the CBE decision to reduce rates of interest. Interest of 150 basis points.
Mohammed al-Etribi said Thursday in a telephone conversation with Mubasher that the bank would lower interest rates on variable certificates by 1.5%.
Al Etribi pointed out that the bank 's Liabilities and Assets Committee, known as ALICO, would meet next Sunday to review the discount rates for fixed certificates and credit unions. saving.
The Central Bank of Egypt had just decided to reduce both Price Return deposit and day-to-day loan and rate Surgery The central bank reached 150 basis points, reaching 14.25%, 15.25% and 14.75%, respectively.
The central bank's monetary policy committee also decided to cut credit and the discount rate by 150 basis points to 14.75%.
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