Egypt Central Bank Maintains Rates
The Central Bank of Egypt announced in a statement on Wednesday that it has decided to keep interest rates unchanged at 19% for the deposit rate and 20% for the lending rate, with no modifications, in order to support inflation and economic stability. The committee continues its policy to achieve a balance between sustainable growth and moderate inflation, while monitoring both domestic and global economic developments. The decision has remained steady for several months, with expectations to maintain a tight monetary policy in the near future to enhance financial stability in Egypt.
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