Regulation, Risk & Compliance
Uncategorized
Egypt central bank slashes key interest rates by 200 bps
Egypt's central bank resumed its interest rate-cutting cycle on Thursday, slashing its overnight rates by a faster-than-expected 200 basis points, the third reduction this year as inflation cooled and growth surged. The bank set the deposit rate at 22% and the lending rate at 23%, bolstering the government's emphasis on…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Zawya