Al-Munasaqats Signs 1.66M Dinar Financial Consulting Contract
The article explains that the Central Bank of Egypt has decided to raise the deposit and lending rates by 300 basis points, bringing them to 22.75% and 23.75%, respectively. The move aims to control inflation, which has reached high levels. This follows an increase in core inflation to 40.3% in July 2026, the highest in five years, while overall inflation rose to 24.2% in the same month. The decision seeks to reduce inflationary pressures and stabilize prices, although high inflation is expected to continue and impact the Egyptian economy in the near future.
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