The Central Bank of Egypt (CBE) on Thursday lowered its key interest rates by 100 basis points, or 1 percent, the CBE reported.
The CBE said in a statement that its Monetary Policy Committee (MPC) decided to cut the deposit rate to 20 percent, the lending rate to 21 percent, and the rate of the main operation to 20.5 percent, while also reducing the discount rate to 20.5 percent.
"This decision reflects the committee's updated assessment of inflation dynamics and outlook since the previous MPC meeting," it said.
According to an earlier CBE report, annual urban headline inflation in Egypt eased slightly to 12.3 percent in November, down from 12.5 percent in October, driven by a slowdown in food price inflation, which declined to 0.7 percent in November from 1.5 percent a month earlier.
This marks the fifth interest rate cut by Egypt's central bank so far this year.
Egypt cuts key interest rates by 1 pct as inflation slightly down
The total balance assets owned by China's financial institutions hit 531.76 trillion yuan (bout 75.66 trillion U.S. dollars) by the end of the third quarter of 2025, up 8.7 percent year on year, according to statistics released by the People's Bank of China (PBOC), the country's central bank, on Friday.
In a breakdown, the assets of the banking sector took the lion's share of 474.31 trillion yuan (about 67.48 trillion U.S. dollars), up 7.9 percent over last year, while those from securities institutions and the insurance sector were 17.05 trillion yuan (about 2.43 trillion U.S. dollars) and 40.4 trillion yuan (about 5.75 trillion U.S. dollars), up 16.5 percent and 15.4 percent year on year, respectively.
Meanwhile, the liabilities of Chinese financial institutions totaled 485.85 trillion yuan (about 69.13 trillion U.S. dollars), up 8.8 percent from a year earlier.
The figures for industries of banking, securities and insurance were 435.95 trillion yuan (about 62.03 trillion U.S. dollars), 13.25 trillion yuan (about 1.89 trillion U.S. dollars) and 36.65 trillion yuan (about 5.21 trillion U.S. dollars), up 8 percent, 19.2 percent and 15.3 percent year on year, respectively.
China's financial institutions report 8.7 pct growth in total assets
