Thursday 28/Aug/2025 – 08:38 PM
The assets and opponents ’committees in banks known as the Alcu committees are preparing to start their meetings during the next few days, which begin next Sunday, August 31, 2025, to discuss the fate of interest rates on savings certificates, in light of the central bank’s decision to reduce interest rates by 2%.
Next Sunday .. Banks operating in the banking sector meet to study the reduction in interest rates
It is expected that some banks will turn to reducing the return on changing certificates, or offering new savings vessels with varying returns, in line with changes in monetary policy, taking into account the attracting liquidity and organizing the structure of the cost of money within the banking sector.
The Monetary Policy Committee of the Central Bank of Egypt decided at its meeting today, Thursday, August 28, 2025, a price of deposit and lending for one night and the price of the main operation of the Central Bank by 200 basis points to 22.00%, 23.00% and 22.50%, respectively, according to the central bank.
It also decided to reduce the price of credit and discount by 200 basis points to 22.50%. This decision comes as a reflection to evaluate the committee for the latest developments and expectations since its previous meeting.
The central bank reveals the reasons for reducing interest rates 2%
Globally, recently, signs of recovery and stability in inflation expectations. Accordingly, the central banks in both advanced and emerging economies continued to facilitate their monetary policies, but gradually in light of the current uncertainty.
With regard to the global prices of basic commodities, oil witnessed slight fluctuations as a result of supply factors, while the prices of agricultural commodities have recorded different trends, however, global growth and inflation are still at risk, especially the possibility of escalating geopolitical tensions and increasing trade policy disorders.
