World Courant
The Financial Coverage Committee (MPC) of the Central Financial institution of Egypt (CBE) selected Thursday to maintain rates of interest at present ranges for the primary time this yr, after two MPC conferences earlier this yr.
The committee determined to take care of deposit and mortgage rates of interest and key buyback charges at 27.25 %, 28.25 % and 27.75 % respectively. The low cost fee was additionally stored at 27.75 %.
That is the third assembly this yr, after two conferences in April and March that raised rates of interest by a complete of 8 %, by 2 % in February and 6 % on March 6, in a rare assembly that coincided with the liberalization of the inventory trade . and the rise within the greenback fee at banks from about 31 Egyptian kilos to virtually 50 kilos, earlier than falling again to about 47 kilos at banks and trade corporations.
Annual core inflation, as calculated by the CBE, fell from 33.7 % in March to 31.8 % in April. The annual inflation fee, as calculated by the Central Company for Public Mobilization and Statistics (CAPMAS), stood at 32.5 % in April, in comparison with 33.3 % in March.
The CBE on behalf of the Ministry of Finance on Thursday supplied native authorities bonds value 50 billion Egyptian kilos for a interval of six months and one yr, coinciding with the assembly of the MPC to find out the destiny of deposit rates of interest. loans.
The primary six-month treasury invoice problem shall be value 25 billion Egyptian kilos and shall be issued on Could 28, with a maturity date of November 26, in response to the announcement on the CBE’s official web site.
The Egyptian Central Financial institution is conserving rates of interest secure for the primary time this yr
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