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Central Bank pulls 293.96B pounds liquidity
Today, the Central Bank of Egypt announced a liquidity withdrawal auction worth 293.96 billion Egyptian pounds from the open market through 15 banks, at an interest rate of 19.5%. The method for accepting bids has been changed from allocation to accepting all submitted bids, with the aim of improving surplus liquidity management and achieving balance in monetary policies, while committing to maintaining the weighted overnight rate around the corridor rate.
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