Egyptian Central Bank announces key interest rates will not change

In a statement the bank said that key interest rates for loans would remain at 10.75%, with those for deposits remaining at 9.75%, adding that a number of Egypt’s most prominent economic experts were torn regarding the soundness of such policies. Some expected rates to increase in order to help contain the country’s rising inflation. The committee raised interest rates 50 points during its last meeting on 21 March, leaving the discount rate unaltered at 10.25%.

This entry was posted in News and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s