2023-12-27 11:52:02
What are the decisions of the Central Bank of Egypt meeting?! Between the new certificates, the floating of the pound, and raising interest, given the importance of the Central Bank of Egypt’s decisions regarding interest and floating, and the Egyptians’ waiting for those decisions, let us today present them to you in some detail.
What are the decisions of the Central Bank of Egypt meeting?
There are a group of many questions being asked by citizens in Egypt about the Central Bank’s monetary meeting, which is the last meeting in the year 2023, and they are awaiting many decisions in it, which most likely come out of the same meeting every year.
Read also:A Saudi traveler tells the details of being robbed while he was sleeping on the plane heading from Riyadh to DubaiHis performance is bad and he is a burden on the team!! Will the global file in the federation be closed after the attack by fans and critics? In 5 steps | How do I find out the national address from Tawakkalna? Five years imprisonment and a fine of 300,000 riyals.. Penalties for an Egyptian who harassed a Saudi girl on a bus. The Saudi Ministry of Labor clarifies.. What are the steps to inquire about transferring sponsorship?
Between the new certificates, the floating of the pound, and the interest rate hike
The decisions of the Central Bank of Egypt came between the new certificates, floating the pound, and raising interest, as the Central Bank resorted to raising the interest rate in the year 2023 only twice, and this is compared to 5 times in which the Monetary Policy Committee tried to stabilize the interest rate to be able to absorb the inflationary pressures that result from the decline in the value of the pound. against the dollar.
Details of the Central Bank’s interest decisions
Below we provide you with 7 decisions reached by the Monetary Policy Committee at the Central Bank in order to decide the fate of the interest rate:
- February 2: The interest rate is fixed at 16.25% on deposits and 17.25% on lending.
- March 30: The interest rate is raised by 2% to 18.25% on deposits and 19.25% on lending.
- May 18: The interest rate is fixed at 18.25% on deposits and 19.25% on lending.
- June 22: The interest rate is fixed at 18.25% on deposits and 19.25% on lending.
- August 3: The interest rate is raised by 1% to 19.25% on deposits and 20.25% on lending.
- September 21: The interest rate is fixed at 19.25% on deposits and 20.25% on lending.
- November 2: Maintaining the interest rate at 19.25% for deposits and 20.25% for lending.
Here we have reached the conclusion of the article, through which we learned the answer to the question: What are the decisions of the Central Bank of Egypt meeting, which ranged between new certificates, floating the pound, and raising interest, and we presented to you the details of the Central Bank’s decisions about interest.
Read also
1703687055
#decisions #Central #Bank #Egypt #meeting #certificates #floating #pound #interest #rate #hike