The Central Bank of Egypt (CBE) announced on Thursday that it has decided to maintain its overnight interest rates, leaving them unchanged amid ongoing efforts to stabilise financial conditions.
In a brief statement, the Monetary Policy Committee said it would keep the overnight deposit rate at 21% and the overnight lending rate at 22%. The decision comes as the bank continues to assess inflation trends, liquidity conditions, and global financial developments.
The move signals that policymakers are opting for stability after a series of tightening measures implemented earlier this year to curb inflation and support the Egyptian pound.
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