Egypt Central Bank Holds Interest Rates Steady
Egypt kept its deposit and lending rates unchanged at 19 percent and 20 percent respectively. The central bank noted that economic growth slowed slightly to 4.7 percent in the second quarter while inflation continues to ease gradually.
Egypt kept its deposit rate unchanged at 19% and lending rate at 20% on Thursday afternoon. The decision reflects policymakers' assessment of easing inflation dynamics amid regional risks. The hold matches expectations as officials navigate gradual price cooling.
