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Sunday, 12 January 2020

CBE forms new monetary policy committee

RATE WATCH- Meet your new interest rate overlords: The Central Bank of Egypt (CBE) has formed its new Monetary Policy Committee and will convene its first meeting on Thursday 16 January, Hapi Journal said yesterday, citing MENA. The meeting was originally scheduled for the end of December 2019, but was postponed until the new committee is formed. The committee, chaired by CBE Governor Tarek Amer, includes his two deputies, Gamal Negm and Rami Abulnaga, and three CBE board members: Financial Regulatory Authority Chairman Mohamed Omran, former International Cooperation Minister Naglaa El Ahwany, and former Planning Minister Ashraf El Araby.

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