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The Central Bank of Egypt withdrew 1.033 trillion pounds from the surplus liquidity provided by banks, in today’s tender for the weekly fixed-return deposit, according to data published on its website.
26 banks offered to buy in the weekly deposit today at an interest rate of 27.75%.
This mechanism aims to control inflationary pressures as it is one of the tools available to monetary policy to absorb liquidity.
The price of the Saudi riyal against the Egyptian pound recorded remarkable stability in today’s transactions, Wednesday 12-4-2024, according to…
Gold prices in Egypt recorded a noticeable decline at the end of today’s trading, Sunday 12-1-2024, according to the latest…
Currency exchange rates against the Egyptian pound recorded remarkable stability in today’s transactions, Sunday 11-17-2024, according to the latest update…