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المصري اليوم
Central Bank drains 536.9B pounds before rate decision
The article focused on the Central Bank of Egypt withdrawing 536.95 billion Egyptian pounds from local liquidity through fixed-rate deposit auctions, ahead of the Monetary Policy Committee meeting to discuss interest rates. This withdrawal reflects the bank's efforts to manage liquidity in order to control inflation and maintain interest rate stability, with expectations of no changes at the upcoming meeting, while emphasizing support for productive sectors and investment in the coming period.
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