It will be held today, Thursday, February 1, 2024. Central bank meeting Al-Masry, to discuss the fate of interest rates, in the first meetings of the Monetary Policy Committee during the current year.
The first is during 2024…the date of the Central Bank of Egypt meeting to decide the fate of the interest rate
And it was central bank In its last meeting during 2023, on December 21, it decided to fix the interest rate on overnight deposits and lending, and the central bank’s main operation rate at 19.25%, 20.25%, and 19.75%, respectively, and the credit and discount rates were also kept at the level. 19.75%.
Dollar exchange rate
The International Monetary Fund expects the dollar exchange rate to record 36.8 pounds, as a recent report issued by the presidency stated. Council of MinistersTitled “The Most Prominent Strategic Directions of the Egyptian Economy,” for the new presidential period “2024 to 2030,” it states that the state will be interested in reducing the exposure of Egyptian banks to abroad in accordance with the implementation of the micro- and macro-professional policy, and continuing to adopt a flexible exchange rate policy in cooperation with the International Monetary Fund, and that the Fund The average exchange rate between 2024 and 2028 is expected to be 36.8 pounds.
Central Bank of Egypt meeting dates 2024
The first is during 2024…the date of the Central Bank of Egypt meeting to decide the fate of the interest rate
Change dates Central Bank of Egypt meeting 2024, according to what he announced on his website as follows, as the Monetary Policy Committee meets periodically every 6 weeks throughout the year.
The dates of the 8 meetings of the Central Bank’s Monetary Policy Committee during 2024 are as follows:
First central bank meeting
February 1
Second central bank meeting
March 28
Third central bank meeting
May 23
Fourth central bank meeting
July 18
The fifth central bank meeting
September 5
Sixth Central Bank meeting
October 17
Seventh Central Bank meeting
November 21
The eighth central bank meeting
December 26
The result of the central bank meeting
It is noteworthy that interest rate developments during the year 2023 and their results Central bank meetings Throughout last year it was as follows:
- The result of the first Central Bank meeting during the year 2023 on Thursday, February 2nd: It was decided to maintain the overnight deposit and lending interest rates and the central bank’s main operation rate at the level of 16.25%, 17.25%, and 16.75%, respectively, and the credit and discount rates were also fixed at Level 16.75%.
- The result of the second Central Bank meeting during the year 2023 on March 30 last: Raising the interest rate by 2%, as it decided to raise the overnight deposit and lending interest rates and the Central Bank’s main operation rate by 200 basis points, which is equivalent to 2%, to reach 18.25%, 19.25%. And 18.75%, respectively, and the credit and discount rates were raised by 200 basis points to reach 18.75%.
- The result of the third central bank meeting during the year 2023 on May 18: The overnight deposit and lending rates and the central bank’s main operation rate were fixed at 18.25%, 19.25% and 18.75%, respectively, and the credit and discount rates were fixed at 18.75%.
- The fourth meeting of the Central Bank of Egypt during the year 2023, on June 22, decided to fix the overnight deposit and lending interest rates, and the Central Bank’s main operation rate, at 18.25%, 19.25%, and 18.75%, respectively.
- Fifth central bank meeting in 2023 on August 3: Interest rate hike 1%; Reaching a range of 19.25% for deposits and 20.25% for lending.
The result of the central bank meeting on Thursday
The first is during 2024…the date of the Central Bank of Egypt meeting to decide the fate of the interest rate
– The result of the central bank meeting The Sixth Egyptian, Thursday, September 21, 2023: Fixing the interest rate without change, as the Monetary Policy Committee of the Central Bank decided in its meeting to maintain the overnight deposit and lending interest rates and the Central Bank’s main operation rate at the level of 19.25%, 20.25% and 19.75%, respectively. The credit and discount rates were also maintained at 19.75%.
– ACentral Bank of Egypt meeting Seventh, last November 2: The Monetary Policy Committee announced that the overnight deposit and lending interest rates, and the central bank’s main operation rate, would be maintained at 19.25%, 20.25%, and 19.75%, respectively. The credit and discount rates were also maintained at 19.75%. .
Latest decisions of the Central Bank
Central bank meeting The eighth and final Egyptian newspaper during 2023: decided to fix the interest on Thursday, December 21, on the overnight deposit and lending returns, and the rate of the main operation of the Central Bank at 19.25%, 20.25%, and 19.75%, respectively, and the credit and discount rates were also kept at the level 19.75%.
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