WebFeb 6, 2024 · The Central Bank of Egypt (CBE) left interest rates on hold for the tenth consecutive meeting on Thursday. The CBE left the overnight deposit rate at 8.25% and the lending rate at 9.25%, while the main operation and discount rates are still at 8.75%, it said in a statement (pdf) following the meeting. The decision was in line with analyst ... WebJan 17, 2024 · Egypt, which had been paying the world’s highest real interest rate to attract the portfolio inflows while artificially propping up the pound, was forced to turn to Gulf states for bailouts.
Egypt central bank holds rates steady after change of governor
WebJul 15, 2024 · Real interest rate example. Let's consider an example from a saver's point of view. Say the initial interest rate on a bond was 9.62% and the projected rate of inflation was 3.6%. When you ... Webleading ceteris paribus to an increase of the real interest rate. In this way, the model captures that as the growth rate of the number of those who save (workers) compared to the universe of consumers (population) decreases, the economy generates smaller saving rates and so higher real interest rate, everything else being equal. top boy original series
Slashing interest rate protects real estate industry ... - Daily News Egypt
WebDec 23, 2024 · During the last meeting, held 12 November, the CBE decided to cut the overnight deposit rate, overnight lending rate, and the rate of the main operation by 0.5 per cent (50 bps), to reach 8.25 per ... WebMay 30, 2024 · The government is due to pay interests worth 690 billion pounds ($37.7 billion), or 7.6% of the GDP, on domestic and external debts for the fiscal year 2024/23. Egypt’s external debt rose to $145.52 billion … WebSep 23, 2024 · The bank's Monetary Policy Committee (MPC) kept the deposit rate at 11.25% and its lending rate at 12.25%, it said in a statement. A poll of 15 analysts had forecast that the bank would raise ... pic of victorian house