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Egypt's central bank hikes rates 1% in surprise meeting
Amwal Al Ghad Published in Amwal Al Ghad on 21 - 03 - 2022

Egypt's central bank has convened a surprise monetary policy meeting this morning to hike interest rates by 1 percent.
The central bank's Monetary Policy Committee (MPC) has raised the overnight deposit rate, overnight lending rate, and the rate of the main operation to 9.25 percent, 10.25 percent, and 9.75 percent, respectively, the bank said in a statement.
The discount rate was also increased by 100 points to 9.75 percent.

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