Economy Country February 20, 2025

Egypt's Central Bank Keeps Deposit Rates Steady

The Monetary Policy Committee of the Central Bank of Egypt decided to keep the deposit rates unchanged during its meeting on Thursday.


Egypt's Central Bank Keeps Deposit Rates Steady

In a personal meeting on Thursday, the committee on monetary and credit policy of the Central Bank of Egypt decided to maintain the current deposit interest rates. "We considered the current economic situation and decided to keep the rates at a level that we believe is most suitable for maintaining the stability of the country's financial system," said the committee chairman. Experts note that this decision will help the bank maintain the stability of the national currency and ensure the necessary liquidity in the market.