The Central Bank of Egypt (CBE) will hold its highly anticipated meeting on Thursday, November 20th.
This will be the seventh meeting of the Monetary Policy Committee this year, amidst rapidly changing financial indicators.
In its October meeting, the Monetary Policy Committee decided to reduce the overnight deposit and lending rates, as well as the Central Bank’s main operation rate, by 100 basis points to 21.00 percent, 22.00 percent, and 21.50 percent, respectively.
The Monetary Policy Committee has held six meetings this year, with the last meeting for 2025 scheduled to be on Thursday, December 25.
Edited translation from Al-Masry Al-Youm
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