The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has cut its key policy rates by 100 basis points (bps), based on its assessment of current inflation dynamics and the outlook since the previous meeting.

The US Federal Reserve announced a 25-basis-point cut at a range between 4% and 4.25%, according to a statement issued by the Federal Open Market Committee (FOMC).

The US Federal Reserve held interest rates unchanged, maintaining the target range between 4.25% and 4.5%, as per by the Federal Open Market Committee’s (FOMC) statement.

Banque Misr and the National Bank of Egypt (NBE) cut interest rates on their three-year term certificates of deposit (CDs) in US dollars by 0.5%, effective March 17th.

The Federal Reserve has decided to lower its target range for the federal funds rate by 0.25% to between 4.25% and 4.50%.

The Central Bank of Egypt (CBE) has sold nine-month treasury bills (T-bills) worth around EGP 94.4 billion in an auction on March 10th.

The US Federal Reserve kept interest rates unchanged at its current 22-year high.

Mashreq Bank Egypt has raised the interest rate offered on its three-year savings certificates in Egyptian pound to 19.5% from 18.75%.