The Monetary Policy Committee of the Central Bank of Egypt decided, at the end of its meeting Thursday evening, to fix the rate of deposit and lending for one night and the rate of the main operation of the central bank, at 8.25%, 9.25% and 8.75%, respectively, and the credit and discount rate was fixed at 8.75 %.
In times of economic slowdown and high inflation rates, Egyptians resort to investing their surpluses in safe and profitable investment havens that yields a return that absorbs the inflationary effects – the high level of prices for goods and services – and these investment vessels develop financial resources through several means.
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