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Banks will begin meetings to talk about the rates to return on savings vessels after rate rates



Banks operating in the Egyptian local market that commence on Sundays are the meetings within the asset and liability management committees – ALCO – to consider the rates on ships These banks saved, after the Central Bank of Germany was charged with interest rates with 1% of paying money and a loan on ThursdaySouth Westerly

Hisham Okasha, Chairman of the National Bank of Egypt, said that there is no change in fixed interest rate interest rates rates, notably 15% and 15.25% and others. He stated that the level of interest was reduced by 1% to the certificate by 17%, indicating that his / Committee on the management of assets and liabilities "Alco" Bank Sunday, to consider levels of interest on the rest of the saving vesselsSouth Westerly

The President of the National Bank of Egypt, in specific comments for "the seventh day," is the decision of the Middle Bank of Egypt, to reduce levels of interest by 1% including a better signal framework on the economy of Egypt, high growth rate and low inflation and unemployment, saying the impact of the mission is working on Revival of demand for loans and expanding investmentSouth Westerly

The Egyptian Currency Bank's Finance Policy Committee concluded at its meeting last Thursday, February 14, 2019, to reduce the level of financial and overnight investment and central banking rates; Bank at 100 points to 15.75%, 16.75% and 16.25% respectively, And credit price limit and 100 base limitations to 16.25%South Westerly



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