Egypt’s CBE Raises Interest Rates by 2% amid Devaluation Rumors ...Egypt

The Central Bank of Egypt (CBE) announced a two percent increase in interest rates on Thursday, 1 February, marking the first hike since August 2023. The overnight lending and deposit rates now stand at 22.5 percent and 21.25 percent, respectively. Despite persistent inflation, rates had remained unchanged for several months, with the average inflation rate reaching a record 34 percent in 2023. There is anticipation regarding the Central Bank’s monetary policy committee meeting this week, as the country awaits information on the timing of the next likely devaluation of the Egyptian pound. “The hike is likely coming ahead of a EGP devaluation and the announcement of an expanded IMF deal,” M

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt’s CBE Raises Interest Rates by 2% amid Devaluation Rumors )

Also on site :

‘90s Country Star, 60, Shows off Slimmed Down Look at Intimate Show: ‘Beautiful'
Star-Studded Tribute to Brian Wilson With Tom Hanks, Bruce Springsteen, Michael McDonald, Elton John and More Re-Airing on CBS
Jury begins deliberations in Mike Lindell defamation trial in Denver over election conspiracies

Egypt’s CBE Raises Interest Rates by 2% amid Devaluation Rumors ...Egypt

Death toll in one of India’s worst aviation disasters climbs to 270 as search teams find more bodies

Iran retaliates after Israeli strikes target nuclear programme and military

Daily Horoscope for June 14, 2025

Axiom Space to fly Shubhanshu Shukla to space station on June 19: ISRO

USC men earn share of NCAA outdoor track and field title

Numbrix 9 - June 14

Wolves, the £94m gamble and a fanbase deprived of real connection

CSG vs LKK Dream11 Prediction Today Match, Dream11 Team Today, Fantasy Cricket Tips, Playing XI, Pitch Report, Injury Update- TNPL T20 2025, Match 10

MCC brings a massive change to 'boundary catch rule,' ICC set to adopt new rules this month

‘Talks meaningless’: Iran blames US for backing Israel

NEET UG 2025 results expected shortly, final answer key released

The Next Generation! See 'Vanderpump Rules' Stars' Babies

'Modern Family' Star Is Unrecognizable in Her Most Important Role Yet

CZE-W vs CRO-W Dream11 Prediction Today Match, Dream11 Team Today, Fantasy Cricket Tips, Playing XI, Pitch Report, Injury Update- ECI-W T10 Czechia 2025, Match 2 and 5

Iran shoots down Israeli reconnaissance drones