Explanation of raising interest rates by 200 bps ...Egypt

The Monetary Policy Committee (MPC) in its meeting on Thursday 30/3/2023 decided to raise the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation by 200 bps to 18.25 percent, 19.25 percent, and 18.75 percent, respectively. The discount rate was also raised by 200 bps to 18.75 percent. On the global front, forecasts for international commodity prices have eased compared to those underlying the previous MPC meeting, but their outlook remains uncertain, CBE said in a statement to explain the reasons behind the committee’s decision. Notable factors include the outlook for global supply bottlenecks and global economic activity, especia

Hence then, the article about explanation of raising interest rates by 200 bps was published today ( Friday 31/03/2023 - 01:48 PM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Explanation of raising interest rates by 200 bps )

Also on site :

• Disgraced former Centinela Valley schools Superintendent Jose Fernandez dies
• Tyler Perry Sued for Sexual Assault By New Accuser, an Actor in a ‘Madea’ Movie
• Israel becomes first country to recognise Somaliland