Egypt Cuts Savings Certificate Yields After Fed Rate Hike
Bank of Egypt Lowers Interest Rates on Dollar Savings Certificates The Bank of Egypt announced a reduction in interest rates for its popular dollar-denominated savings certificates, effective December 24, 2024. This move follows a recent interest rate cut by the U.S. Federal Reserve. according to a bank statement, the annual return on the “al-Qimma” certificate … Read more