DailyNewsEgypt
The market is gearing up for the reopening of banks tomorrow, Sunday, after their weekly closure, to gauge the impact of the Central Bank of Egypt’s (CBE) recent 1% interest rate cut on savings instruments and loan products. The Monetary Policy Committee announced a reduction in the overnight deposit rate to 24%…
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Market eyes effects of 1% interest rate cut on savings, loans, and debt securities
Hossam Mounir
12:22
The market is gearing up for the reopening of banks tomorrow, Sunday, after their weekly closure, to gauge the impact of the Central Bank of Egypt’s (CBE) recent 1% interest rate cut on savings instruments and loan products. The Monetary Policy Committee announced a reduction in the overnight deposit rate to 24%…
