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بوابة أخبار اليوم
Central Bank reduces liquidity by 536 billion EGP
The Central Bank of Egypt withdrew approximately 537 billion Egyptian pounds from the local market through a fixed-rate, one-week deposit auction at an interest rate of 19.5%. This step comes ahead of the monetary policy meeting, aimed at managing liquidity and maintaining balance in the financing market. The bank's goal is to preserve the stability of the overnight (one-day) average interest rate in the interbank market, while continuing to accept all submitted bids to ensure the achievement of its funding objectives.
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