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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Egypt Central Bank Holds Rates Steady After Change of Governor

CBE Egypt MPC Tarek Amer Central Bank of Egypt Inflation Economy Interest Rates Monetary Policy
FILE PHOTO: Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt February 25, 2021. REUTERS/Mohamed Abd El GhanyREUTERS

The Central Bank of Egypt (CBE) kept its overnight interest rates steady on Thursday, hours after a new governor was named to replace Tarek Amer, who quit on Wednesday.

President Abdel Fattah al-Sisi appointed Hassan Abdalla as caretaker CBE governor on Thursday after Amer's resignation.

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