The National Bank of Egypt and Banque Misr have introduced two savings certificates with a three-year term that align with the expectation of lower interest rates and inflation rates in the upcoming period. The certificates will reflect the stability of domestic and international markets, as well as the Central Bank of Egypt’s inflation targeting policy. The first certificate is a fixed one with a 19% annual price, and the return is paid monthly. The second certificate is a declining one with an annual rate of 22% for the first year, 18% for the second year, and 16% for the third year, and the return is paid monthly.
Books – Ahmed Yacoub
Sunday, 02 April 2023 08:48 AM
The National Bank of Egypt and Banque Misr announced the issuance of two savings certificates for a period of three years, and they reflect the positive vision of lower interest rates during the coming period with the expected gradual decline in inflation rates with the stability of the markets in light of international and domestic changes and the Central Bank of Egypt’s policy to target inflation.
the first; A fixed certificate for 3 years at a price of 19% annually, and the return is paid monthly.
the second; Declining certificate for 3 years at an annual rate of 22% for the first year, 18% for the second year, and 16% for the third year, and the return is paid monthly.
In conclusion, the National Bank of Egypt and Banque Misr have introduced two new savings certificates that reflect a positive outlook for lower interest rates in the coming period. These new certificates offer enticing returns, and their availability aligns with the Central Bank of Egypt’s policy to target inflation. As always, it’s essential to carefully consider these investment options before committing any funds. We hope this news update has been informative and useful. Stay tuned for more updates on the latest developments in the world of finance and investments.