Reported about 18 hours ago
Egypt's central bank has decided to keep its benchmark interest rate unchanged at a record high of 27.25% for deposits and 28.25% for lending, despite inflation dropping to its lowest level in two years at 25.5%. This decision aligns with predictions from nearly all surveyed economists. The bank aims to maintain a strict monetary policy until inflation shows a significant and sustained decline, as part of efforts to navigate ongoing economic challenges, including an $8 billion IMF program.
Source: YAHOO