Egypt central bank Archives

Egypt’s Central Bank holds interest rate steady for the first time this year

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to keep the interest rate at its current levels for the first time this year, following two MPC meetings earlier in the year. The committee decided to maintain the overnight deposit and lending rates and the main repurchase rate at …

The post Egypt’s Central Bank holds interest rate steady for the first time this year appeared first on Egypt Independent.

Egypt Independent May 25, 2024

Egypt Central Bank postpones fee imposition on InstaPay indefinitely

The Central Bank of Egypt (CBE) on Thursday moved decided to postpone the imposition of fees on the InstaPay application indefinitely. The CBE also issued directives to banks participating in the InstaPay real-time payments network to postpone the collection of fees on transactions indefinitely. The Deputy Assistant Governor of the CBE in the banking operations …

The post Central Bank postpones fee imposition on InstaPay indefinitely appeared first on Egypt Independent.

Egypt Independent December 29, 2023