The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided on Thursday 17/10/2024 to maintain key interest rates at their current levels for the fourth consecutive time.

The discount rate remained unchanged at 27.25 percent, the CBE said in a statement.

The overnight deposit rate, overnight lending rate, and main operations rate also held steady at 28.25 percent, 27.75 percent, and 27.75 percent, respectively.

The MPC has kept the rates unchanged during the past three meetings (in May, July, and September) since they hiked the rates by 600 bps in March.

The statement noted that the decision reflects recent developments and outlook at the global and domestic levels since the previous MPC meeting.

Ahram Online

Source: State Information Service Egypt