MUSCAT / WAM The latest data released by the Statistical Centre for the Cooperation Council ...
Read More »Egypt raises banks’ reserve requirement amid inflation
Bloomberg Egypt’s central bank will increase the reserve requirement for lenders next week, potentially paving the way for cutting interest rates even as it battles soaring inflation triggered by a sharp currency devaluation. The reserve ratio, used to control money supply, will increase to 14 percent from 10 percent from October 10, the regulator said. It said the measure was ...
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