The Monetary Policy Committee is held at Central Bank of EgyptThis evening, Thursday, its regular meeting, which is held every 6 weeks, to discuss interest rates, amid expectations from economic analysts and observers that deposit and lending interest rates will be stabilized.
And it is used Central Bank An interest rate tool to control inflation – meaning rising prices for goods and services – by lowering the interest rate as inflation declines or increasing interest rates as the rate of price increases increases.
And I decided Monetary Policy Committee At its last meeting, the Central Bank of Egypt fixed the overnight deposit and lending rates at 27.25% and 28.25%, respectively.
In its extraordinary meeting on March 6, the Monetary Policy Committee decided to raise the overnight deposit and lending rates and the Central Bank’s main operation rate by 600 basis points, reaching 27.25%, 28.25% and 27.75%, respectively. The credit and discount rates were also raised. By 600 basis points, reaching 27.75%.