Cairo (AP) — Egypt’s central bank said Thursday that it raised key interest rates by 2% in a bid to combat the Arab country’s surging inflation.
The bank’s Monetary Policy Committee said in a statement that it had raised the new lending rate to 14.25% and the deposit rate to 13.25%. The discount rate was…
EgyptNews.Club™ gathers and publishes business, cultural, socio-economic, Tech and industrial news on Egypt, Middle East and North Africa (MENA).
Press release distribution services:
We provide press release distribution to media in Egypt, the Arab world and the GCC/MENA regions. Submit a press release today or contact us.
