05:31 PM
Thursday August 18 2022
I wrote – Manal Al-Masry:
The Monetary Policy Committee of the Central Bank of Egypt decided in its meeting today, Thursday, to keep deposit and lending interest rates unchanged for the second time in a row.
This comes in the first meeting of the committee following Hassan Abdullah, the new Acting Governor of the Central Bank, assumed his duties today, Thursday.
The interest rates following stabilization reached 11.25% on deposits and 12.25% on lending.
The Monetary Policy Committee decided, in its last meeting on June 23, to fix interest rates without change, following the Central Bank raised interest rates by a total of 3% during the committee’s meetings in March and May.
Today, Thursday, President Abdel Fattah El-Sisi issued a republican decision appointing Hassan Abdullah as acting governor of the Central Bank.
This comes following Tarek Amer submitted his resignation yesterday, Wednesday, from the position of Central Bank Governor, which was accepted by President Abdel Fattah El-Sisi, and issued a decision appointing Amer, an advisor to the President of the Republic.
