Thndr Claps » EGY Claps » Economy 🏙 » CBE Keeps Interest Rates Unchanged in its Last Meeting in 2021🔐
The Central Bank of Egypt (CBE) has maintained interest rates at the same level for the ninth consecutive month.
More Details🧐 The CBE held interest rates on overnight deposit & lending & the main operation rate at 8.25%, 9.25% & 8.75%, respectively. It also maintained the credit & discount rate at 8.75%.
Why is this Important🤔 In its statement, the CBE decided that the current rates are appropriate & consistent with achieving the target inflation rate of (7% ± 2 percentage points).
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