Central Bank of Egypt to discuss interest rates Thursday

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will discuss Thursday the interest rates, amid expectations to gradually decrease the rates in the upcoming months.

In December 2017,  CBE has kept its interest rates unchanged, setting the deposit rate and the lending rate at 18.75 percent and 19.75 percent, respectively.

The Central Bank of Egypt (CBE) floated the Egyptian pound in November 2016, as part of the government’s broader efforts to reform the business and investment climate in Egypt to attract much-needed investments to the country.