CBE to keep auctions on Variable Rate Deposit: Beltone

Sun, 01 Apr 2018 - 02:52 GMT

The CBE has started auctions on the Variable Rate Deposits following the flotation of the Egyptian pound in November 2016 in a bid to curb inflation.

Business News Wrap-up

Wed, 28 Feb 2018 - 05:04 GMT

A wrap-up of the most prominent business news of the day.

CBE issues biggest auction on Variable Rate Deposit Wednesday

Wed, 28 Feb 2018 - 01:46 GMT

Egypt’s central bank issued Wednesday its biggest Egyptian Pound Variable Rate Deposit Auction since adopting such tool in November 2016.