CBE Keeps Interest Rates Unchanged (1)

Giving More to Your Wealth
01 Nov 2021

The CBE (Central Bank of Egypt) has decided to keep interest rates unchanged for the 8th consecutive time. The overnight deposit rate, overnight lending rate, rate of main operation, and discount rate were kept at 8.25%, 9.25%, 8.75%, and 8.75%, respectively. The CBE sees these rates as suitable for achieving its target inflation rate of 7% +/–2% in 4Q22 and medium-term price stability. The factors that the CBE took into consideration when making this decision included rising domestic inflation, high GDP growth, and a fluctuating and uneven global economic recovery from the pandemic.

(Source: CBE (English) (Arabic), Reuters (English), Amwal al-Ghad (English), Business Today Egypt (English), Zawya (English), Egypt Today (English), See News (English), al-Maal, Amwal al-Ghad, Economy Plus Me, Hapi Journal, al-Aalam al-Youm, al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, Akhbar al-Youm, Sada el-Balad)

An opportunity to make a difference!

Why join Acumen?

Our number one focus in Acumen is our performance and our greatest asset is our people. We look for a team that is self-motivated, appreciates challenge and innovative. We tend to always pick the right person in the right position.

apply now