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
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%…