Egypt’s central bank makes 3rd cut to interest rates
Saturday, 11 16 2019, Category: Economy, Country: Egypt
Egypt’s central bank cut its key interest rates on Thursday for the third consecutive time, after inflation fell to its lowest in nearly 14 years and central banks continued to ease monetary policy globally.
The overnight deposit and lending rates were cut by 100 basis points to 12.25 percent and 13.25 percent respectively.
Source: Egypt Independent