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Middle EastEgypt· Cairo
First report 1h ago•Last update 22m ago

Central Bank of Egypt Hikes Key Interest Rates

The Central Bank of Egypt has increased its key interest rates by 100 basis points, marking the first hike since March 2024.

Background

Egypt has been grappling with persistent inflation and economic pressures. The Central Bank of Egypt frequently adjusts interest rates as a key tool to manage the economy, aiming to stabilize prices and control the cost of living for its citizens.

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Egypt's Central Bank Raises Key Interest Rates

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Central Bank of Egypt Hikes Key Interest Rates

First report 2h agoLast update 2h ago
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