The Central Bank is looking at interest rates today amid expectations of stabilization
The Monetary Policy Committee, chaired by Tariq Amer, the governor of the Central Bank of Egypt, is to discuss the interest rates on deposits and lending, amid expectations that the price will be fixed.
The monetary policy committee of the Central Bank of Egypt decided on Thursday, March 28, 2019, to fix the overnight deposit and lending rate and the Central Bank's central operation rate at 15.75%, 16.75% and 16.25% respectively, and fix the credit and discount rate at 16.25% .
In times of economic slowdown and high rates of inflation, Egyptians resort to using their surplus funds in safe and profitable investment sanctuaries that generate returns that absorb the inflationary effects – the high level of prices of goods and services – and these investment vessels develop financial resources through various means.
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– Tariq Amer
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