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This is the second interest cut in a row following the 150 basis point on 22 August, and the third in 2019.
Expected rise in inflation means CBE likely to keep interest rates unchanged for 3rd time in 2019
Strong hopes rates to remain stable for 6th consecutive time; 16.75% for deposit;17.75% for lending; 17.25% for credit, discount
Amer hinted at imminent cuts, but linked them to curbing inflation first
Businesspeople outraged amid expectations that debt payments will increase by EGP 30bn
The Central Bank of Egypt faces difficulty on inflation hike of more than 2% in May
Monetary Policy Committee increased pound’s interest rate to counter inflationary pressures
According to analysts, MPC is highly expected to keep the major interest rates at CBE unchanged for the sixth consecutive time during its meeting decided set for Thursday.
Central Bank decision to maintain interest rate was expected by analysts in order to curb inflation and save the deposits of family sector in banks