Banque Misr keeps monthly return on saving certificates at 11%

CAIRO - 5 February 2021: The Assets and Liabilities Committee (ALCO) at Banque Misr decided on Thursday to keep the interest rate or return on its three-year Summit Certificates, the return of which is paid monthly, at 11 percent.

This comes in the wake of a decision by the Monetary Policy Committee of the Central Bank of Egypt announced following its meeting on Thursday that it maintained its overnight deposit rate at 8.25 percent, its overnight lending rate at 9.25 percent, and its main operation rate at 8.75 percent.

It also kept its credit and discount rate at 8.75 percent.