Announced by Governor of the Central Bank of Egypt, Tarek Amer, the meetings will be held on 22-26 of May 2023 in Sharm El-Sheikh City
According to Bloomberg, the decision leaves the North African nation with the highest inflation-adjusted interest rate of more than 50 economies
As Egypt is moving towards adopting a unified national strategy for financial inclusion, there has been a need to define the legal framework, says Refaat
The top 10 list includes central governors of Brazil, Bulgaria, Canada, Chile, China, Czech Republic, and European Union
The decision keeps the overnight deposit rate at 8.25%, the overnight lending rate at 9.25%, and the rate of the main operation at 8.75%
