VOL. XXXII
NO. 33
22-MAY-1989
FINANCIAL AND BANKING NEWS
REGIONAL BANKING
Egypt Modifies Interest Rate Structure
The Central Bank of Egypt (CBE) last week introduced a new matrix of domesticinterest rates which has the effect of marginally increasing the cost of localfunds without meeting the principal International Monetary Fund (IMF) demand forpositive real interest rates. The CBE's modified structure in some cases goes nofurther than returning rates to their 1981/82 levels, as is the case with...
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