CBE Maintains Current Interest Rates

The Central Bank of Egypt (CBE) has decided to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 9.25%, 10.25%, and 9.75%, respectively.

Annual Headline Inflation Doubles in December

Egypt’s annual headline inflation rate rose to 7.1% in December 2019, compared to 3.6% in November of the same year

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