CAIRO: Egypt’s domestic liquidity rose to EGP 5.36 trillion ($213.9 billion) at the end of June 2021.
According to the official data, liquidity grew by 1.9 percent monthly. Domestic liquidity increased by 18.3 percent annually, compared to EGP 4.53 trillion in June 2020.
The money supply rose during June to EGP 1.25 trillion, compared to EGP 1.22 trillion in May 2021. Money supply includes deposits in local currency and cash in circulation outside the banking system.
Last November, the Central Bank of Egypt decided to reduce both the overnight deposit and lending rate and its main operation rate by 50 basis points, to 8.25 percent, 9.25 percent, and 8.75 percent, respectively.
Last month, the central bank froze the interest rate for the fourth time this year.
