The overnight deposit rate remained at 27.25%, the overnight lending rate at 28.25%, and the main operation rate at 27.75%. The discount rate was held steady at 27.75%
This comes in response to the sufficiency of the special meeting held on Wednesday, March 6.
Dollar prices against the Egyptian pound exceeded EGP 50 in official markets for the first time in Egypt's history, as reported on Wednesday
Additionally, the discount rate has been raised by 600 basis points to 27.75 percent
The Central Bank of Egypt (CBE) increased the overnight deposit rate to 21.25%, the overnight lending rate to 22.25%, the rate of the main operation to 21.75%, and the discount rate was also raised to 21.75%
