Japan seeks extradition of Americans accused in Ghosn escape    Gulf economies to shrink 7.6% due to coronavirus, decline in oil prices: IMF    UK PM Johnson says of fathering his newborn son: 'I'm pretty hands on'    Moderna delays coronavirus vaccine trial – report    Ex-FDA official says the worst of the U.S. coronavirus outbreak to end in January    Sane completes move to Bayern from Manchester City    Lebanon's IMF talks on hold, finance minister says    "Liberate Hong Kong, revolution of our times" slogan is illegal, government says    Greece starts clearing ground for Athens property plan after long delay    Egypt developing four WHO-registered vaccines to treat coronavirus patients    Russia's mortality rate up 1.5-2% since start of 2020    313 tourists from Switzerland, Belarus arrive in Egypt following flight resumption    Real Madrid close in on La Liga title after edging Getafe    Ethiopia intransigent on GERD issue: ECES seminar experts    ABB, Hitachi launch $10bn joint power venture    Qalaa Holdings records 191% y-o-y increase in revenues during Q1 of 2020    AU-brokered talks over GERD to resume in next few days: Sudan    Egypt's coronavirus cases surpass 70,000 infections    Thousands of Greeks protest against bill to regulate demonstrations    NCW calls for investigating harassment and rape allegations discussed on social media    Egypt's National Election Committee to announce Senate election details    Egypt is developing 4 vaccines, 3 drugs against COVID-19: Higher Education Minister    Fire breaks out at Iranian nuclear facility, no damage reported, officials say    Live score: Manchester City v Liverpool (English Premier League)    Apple to re-close more stores in U.S, bringing total to 77    Egypt's Zamalek to continue training Thursday, but domestic league participation unclear    Twitter removes image tweeted by U.S. President Trump from its platform    Italy's Eni unveils new gas discovery off Egyptian Nile Delta coast    Egypt's parliament Oks supplementary spending bill for FY20    Egypt's Court of Cassation upholds death penalty for 3 defendants in Ansar Al-Sharia case    Liverpool boss Klopp happy with African Nations Cup postponement    Deadly protests erupt in Ethiopia over killing of popular Oromo singer    Egypt's cultural activities to resume mid-July    At 99, CPC governance legitimacy shines brighter in time of global uncertainty    Federation of Egyptian Banks denies funding GERD: eletreby    Saudi development authority starts executing phase I of giant cultural project    Reopening the Baron's Palace    30 June Revolution preserved Egyptian identity from hijack: Al-Sisi    2 dangerous militants neutralised in North Sinai: Interior Ministry    Don't miss Al-Hadra troupe's two concerts at El-Sawy Culturewheel    Egypt's President Sisi opens Baron Empain Palace, two int'l airports    Inauguration of Baron Empain Palace important for Egypt's tourism sector: official    President Al-Sisi inaugurates new national project developments in Cairo    11 coronavirus cases detected at Egyptian Premier League clubs – EFA    Egypt to host World Handball Championship on time despite COVID-19: EHF President    Liverpool's Egyptian winger Salah fit for Crystal Palace clash – coach Klopp    Egypt's parliament Oks amendments to House law amid differences over election    CAF draws timeline for resumed continental championships amid COVID-19    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Egypt's Central Bank maintains interest rates on deposits and loans at 15.75%, 16.25%
Published in Ahram Online on 23 - 05 - 2019

The Central Bank of Egypt (CBE) decided on Thursday to maintain the overnight interest rate on deposits and loans, and principle transactions at 15.75, 16.25 and 16.75 percent respectively, a CBE Monetary Committee report stated.
The credit and discount rate was also kept unchanged at 16.25 percent.
The CBE Monetary Committee said that headline inflation declined to 13 percent in April 2019, from 14.2 percent in March 2019.
Core inflation also declined, from 8.9 percent to 8.1 percent in the same period.
The slight uptick in the GDP growth rate continued, registering 5.6 percent during the first quarter of 2019, compared to 5.5 percent in the last quarter of 2018.
The unemployment rate witnessed a decline from 8.9 percent to 8.1 percent during the same period.
The report said the Ministry of Finance is targeting an initial surplus of two percent of the GDP during the fiscal year of 2018-2019, compared to one percent achieved in the fiscal year of 2017-2018.
The ministry is also aiming to maintain this surplus rate during the upcoming years.

Clic here to read the story from its source.