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Thndr Claps » EGY Claps » Economy 🏙 » CBE keeps interest rate fixed at same rate

CBE keeps interest rate fixed at same rate

by Omar El Shorafa
September 22, 2022

The Clap
The CBE decided to fix the overnight deposit and lending rates at 11.25% and 12.25%, respectively. The price of the main transaction was also fixed at 11.75%.

The Deets
The CBE said in its statement that the Russian-Ukrainian war had significant effects on the increase in commodity prices globally, in addition to a crisis in supply chains.

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