The central bank decides to fix deposit and lending rates

The Central Bank of Egypt’s monetary policy committee decided, at its meeting, on Thursday evening, to fix the rate of return on deposits and lending for one night and the central process price of the Central Bank at 12.25%, 13.25% and 12.75%, respectively, and to fix the credit and discount rate at 12.75%.

In times of economic slowdown and high inflation, Egyptians resort to investing their money surpluses in safe and profitable investment havens that achieve a return that absorbs inflationary effects – the high level of prices of goods and services – and those investment vessels work to develop financial resources through several means.

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