Egypt January 25 Revolution Day

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Category:  Holidays
Units:  Points
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Egypt
Currency: EGP
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Date: Jan 25, 2025
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Egypt Central Bank Lifts Interest Rates By 600 Bps In Surprise Move Egypt Central Bank Lifts Interest Rates By 600 Bps In Surprise Move

Egypt Central Bank Lifts Interest Rates By 600 Bps In Surprise Move

Egypt's central bank decided to raise its interest rate by 600 basis points and to allow the currency exchange rate to be determined by market forces at an emergency meeting on Wednesday, citing high inflation. The Monetary Policy Committee of the Central Bank of Egypt lifted the overnight deposit rate to 27.25 percent and the overnight lending rate to 28.25 percent.

RTTNews | 489 days ago

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