Egyptian Central Bank | Egypt paid $7.154 billion in interest and foreign debt installments during the second quarter of (2022-2023).

The Central Bank of Egypt, representing the Egyptian state, paid about $7.154 billion by the end of the second quarter of 2022-2023, representing installments and interests for outstanding debts.

The Egyptian Central Bank raises the interest rates by 200 basis points

The Monetary Policy Committee of the Central Bank of Egypt decided, in its meeting on Thursday, March 30, 2023, to raise the rates of the deposit and lending return for one night and the price of the main operation of the Central Bank by 200 basis points, to reach 18.25%, 19.25% and 18.75%, respectively, and the credit rate was also raised. And the discount is 200 basis points, reaching 18.75%.

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