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The central bank said it had raised the overnight lending rate to 28.25% and its overnight deposit rate to 27.25%, as part of a decision to accelerate monetary tightening and bring down inflation ...
In an online statement late Thursday, the bank’s monetary policy committee said the most basic lending rate, the overnight deposit rate, was increased from 18.25% to 19.75%.
On March 6, 2024, in an extraordinary meeting of the Monetary Policy Committee, the Central Bank of Egypt decided to raise interest rates by 600 basis points, bringing the overnight deposit, lending and main operation rates to 27.25%, 28.25%, and 27.75% respectively.
This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary ... Egypt: 27.25 ...
The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. In some countries (the United States , for example), the overnight rate may be the rate targeted by the central bank to influence monetary policy .
(Bloomberg) -- Egypt held interest rates for the second straight month as the virus outbreak in China stoked concerns over global economic growth and inflation quickened more than expected.Over a ...
Surging domestic inflationary pressures from both economic growth and elevated international food prices led the Central Bank of Egypt (CBE) to increase the overnight lending and deposit rates in sequential moves since 2008: it was raised by 0.25% on 10 February 2008, by 0.5% on 25 March 2008, by 0.5% on 8 May 2008, by 0.5% on 26 June 2008, by ...
An overnight indexed swap (OIS) is an interest rate swap (IRS) over some given term, e.g. 10Y, where the periodic fixed payments are tied to a given fixed rate while the periodic floating payments are tied to a floating rate calculated from a daily compounded overnight rate over the floating coupon period. Note that the OIS term is not ...