Central Bank of Egypt to meet on October 17 over interest rate ...Egypt

The Central Bank of Egypt’s next decision on the interest rate has been highly awaited since the US Federal Reserve decided in its September meeting to reduce interest rates by 50 basis points, reaching a level between 4.75 and five percent. The US Federal Reserve had kept interest rates unchanged for the eighth time in a row during its meeting in July. The CBE decided to fix the interest rate in its meeting on September 5 for one night and the Central Bank’s main operation rate at 27.25 percent, 28.25 percent and 27.75 percent respectively, and it also decided to keep the credit and discount rate at 27.75 percent.   Date of the CBE meetings The Monetary Policy Committee of the CBE will meet

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