Thndr Claps » EGY Claps » Economy 🏙 » CBE keeps interest rates unchanged🏦
The ClapThe CBE has left the overnight deposit and lending rates at 11.25% and 12.25%, respectively. The price of the main operation was also fixed at 11.75%.
The DeetsThe CBE stated that the data indicated the continuation of the economic recovery, as the GDP growth rate stood at 5.4%.
The importance of the topicThe CBE held rates to assess the effects resulting from raising rates in the last two meetings, and added that future decisions will depend on the outlook of inflation.
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