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Why the CBE raised interest rates by 1% amid currency pressures

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6h agonow

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Egypt Independent
“Why the CBE raised interest rates by 1% amid currency pressures”

The Central Bank of Egypt (CBE) defied market expectations on Thursday by raising its key interest rates by 100 basis points (1 percentage point), aiming to anchor inflationary expectations and mitigate escalating domestic and external economic pressures. The Monetary Policy Committee (MPC) increased the overnight deposit, overnight lending, and main operation rates to 20.0 percent, … The post Why the CBE raised interest rates by 1% amid currency pressures appeared first on Egypt Independent .

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