#Latest news with #fiscalReformsBloomberg22-05-2025BusinessBloombergEgypt Makes Second Rate Cut in a Row Before Summer of ReformsEgypt cut interest rates for the second time in as many months, seeking to boost economic growth before a likely fresh round of fiscal reforms this summer spurs renewed caution. The central bank reduced the benchmark deposit rate by 100 basis points to 24%, the Monetary Policy Committee said Thursday in a statement. The lending rate was lowered by the same amount to 25%.
Bloomberg22-05-2025BusinessBloombergEgypt Makes Second Rate Cut in a Row Before Summer of ReformsEgypt cut interest rates for the second time in as many months, seeking to boost economic growth before a likely fresh round of fiscal reforms this summer spurs renewed caution. The central bank reduced the benchmark deposit rate by 100 basis points to 24%, the Monetary Policy Committee said Thursday in a statement. The lending rate was lowered by the same amount to 25%.
22-05-2025
