Press Release 16 February 2017 (Central Bank of Egypt)
(World News Egypt)

(Source: Central Bank of Egypt) Central Bank of Egypt Press Release February 16, 2017 In its meeting held on February 16, 2017, the Monetary Policy Committee (MPC) decided to keep the overnight deposit rate, overnight lending rate, and the rate of the Central Bank of Egypt`s (CBE) main operation unchanged at 14.75 percent, 15.75 percent, and 15.25 percent, respectively. The discount rate was also kept unchanged at 15.25 percent. Annual headline inflation rose to 28.14 percent in January 2017 due to exceptional monthly increases averaging 4.01 percent between November 2016 and January 2017 that were strongly impacted by the economic...