" The Egyptian Central" The interest rate reduces 200 basis points

Cairo, August 28/ WAM/ The Central Bank of Egypt decided today, “reduce the price of deposit and lending for one night and the price of the main operation of the Central Bank by 200 basis points”, or 2 %, which is the third reduction this year, with the slowdown of inflation and the stability of the pound.

The Egyptian Central said in a statement that the decision is “a reflection of the evaluation of the monetary policy committee for the latest developments and expectations since its previous meeting.

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