🚨 The Central Bank of Egypt decides to cut interest rates by 100 basis points to 20% for deposits and 21% for loans

📍 The decision to cut is in line with the expectations of the majority of participants in a survey by CNBC Arabia, which included 11 analysts and economic experts from local and global investment firms and banks, which suggested a rate cut between 1% and 2%

📍 The decision came after a slowdown in inflation in Egyptian cities during November to 12.3% compared to 12.5% in October

📍 This cut is the fifth since the beginning of the year, bringing the total decline since the start of the easing cycle to 725 basis points$ETH