Egypt cuts key policy rates by 225 basis points

WAM
17 Apr 2025, 23:54 GMT+10

CAIRO, 17th April, 2025 (WAM) -- The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided today to cut the CBE's overnight deposit rate, overnight lending rate, and the rate of the main operation by 225 basis points to 25.00 percent, 26.00 percent, and 25.50 percent, respectively.

The Committee also decided to cut the discount rate by 225 basis points to 25.50 percent, according to a CBE statement.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.

More Information

null in null

International Business

Section

Ireland’s firms feel strain as US tariffs take hold

Business orders to Ireland from US already slowing or drying up

DUBLIN, Ireland: With tariffs from the United States beginning to bite, Irish businesses are already feeling the pressure, prompting...

Egypt cuts key policy rates by 225 basis points

CAIRO, 17th April, 2025 (WAM) -- The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided today to cut the CBE's...

Lindsay Lohan to star in series 'Count My Lies'

Washington [US], April 17 (ANI): Actress Lindsay Lohan is all set to headline and executive produce 'Count My Lies', a drama in development...

European Central Bank cuts interest rates by 25 basis points

BRUSSELS, 17th April, 2025 (WAM) -- The European Central Bank (ECB) has announced a 25 basis point cut to its key interest rates, marking...

China rides new wave of inbound cruise tourism as visa-free travel gains steam

Foreign tourists take a shuttle bus at Tianjin International Cruise Home Port to visit Huangyaguan section of the Great Wall in north...

ADGM launches 'Virtual Sell and Purchase' real estate service

ABU DHABI, 17th April, 2025 (WAM) -- Abu Dhabi Global Market (ADGM) has announced the launch of the Virtual Sell and Purchase, the...

Mediterranean

Section