The overnight deposit rate remains at 27.25%, the overnight lending rate at 28.25%, and the rate of the main operation at 27.75%.
Annually, core inflation stood at 25.0% in September 2024, slightly down from 25.1% in August 2024.
Aimed at advancing the banking sector in both countries, the MoU seeks to support monetary and financial stability to achieve sustainable development
On a monthly basis, remittances from Egyptians abroad increased by 26.6% compared to April 2024, when they recorded about $2.2 billion.
In February, the CBE and UAE were reported to be coordinating to convert $11 billion worth of UAE deposits into EGP.
