Economic recovery leads to interest rate cut in Egypt, Sri Lanka

Egypt cuts interest rates as economy grows

Egypt’s central bank said on Thursday that it was cutting overnight interest rates, as it expects economic recovery and lower inflation. The monetary policy committee (MPC) lowered the overnight deposit and lending rates by 100 basis points to 24 percent and 25 percent, respectively, its second rate cut this year, the bank said in a statement. In April, the central bank lowered overnight rates by 225 basis points, its first cut in over five year…

Sri Lanka, U.S. hold key talks on aid and economic ties

Sri Lankan Prime Minister Dr. Harini Amarasuriya met with U.S. Ambassador to Sri Lanka, Ms. Julie J. Chung, and key officials from USAID at the Parliament on Wednesday (May 21) to discuss the future of U.S. foreign assistance to Sri Lanka. The meeting was a courtesy call that focused on the changing framework of U.S. aid to the country and ways to ensure continued cooperation. Ms. Maureen Hsia, Acting Mission Director and Programme Office Direct…

Economic recovery leads to interest rate cut in Egypt, Sri Lanka

CAIRO/COLOMBO: Egypt's central bank on Thursday went for interest rate cut for the second time since April as inflationary pressures have eased in the Arab world's most populous country. On the other hand, Thursday also saw Sri Lanka going for its first rate in six months, with signs that the crisis-hit nation was emerging from its worst economic downturn. Read more: Interest rate cuts — here is what SBP needs to consider ‘SUSTAINED RECOVERY IN …

At its meeting on Thursday, 22 May 2025, the Monetary Policy Committee of the Central Bank of Egypt decided to reduce the rates of deposit and loan return for one night and the price of the main operation of the Central Bank by 100 basis points to 24.0%, 25% and 24.5%, respectively.