Its primary objective is to contain high inflation and reduce the prices of goods and services. That way, it was able to control the rate of inflation and reduce prices. This massively helps reduce the prices of goods for citizens as a result of the expansion of the volume and financing opportunities for this type of company. CBE continues to intervene in open market mechanisms to regulate the monetary supply and withdraw excess liquidity from the banking system units. At the same time, CBE continues to adopt policies to support economic growth, stimulate investment, and generate jobs.

Source: Daily News Egypt June 23, 2024 13:03 UTC