EGYPT-CAIRO-CENTRAL BANK-INTEREST RATE-INCREASE

EGYPT-CAIRO-CENTRAL BANK-INTEREST RATE-INCREASE

(240306) -- CAIRO, March 6, 2024 (Xinhua) -- A man walks out of an exchange office in Cairo, Egypt, on March 6, 2024. The Central Bank of Egypt (CBE) raised its interest rates by 600 basis points (bps) on Wednesday and said it would allow the exchange rate to be determined by the market in a bid to ensure a smooth transition to a flexible inflation targeting regime. (Xinhua/Ahmed Gomaa)

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