Dr. Nasser Hussein
The Central Bank, through its website today, raises fixed-income treasury bonds for two years of Pound8 billion, for three years of Pound20 billion and for five years Pound10 billion.
We have a variable return bond for five years worth £2 billion.
And we'll have zero coupons for 688 days worth £7 billion.
The bank stated on its website that it valued fixed-income bonds For two years, Pound8 billion is disbursed half a year, at 17.3-2028, treasury bonds for three years of Pound20 billion, for which the return is paid half a year and payable in 17.3-2029, treasury bonds for five years of £10 billion, for which the return is paid half a year and payable in 6.1-2031.
Treasurer bonds with variable returns for 5 years are Pound2 billion, the return is paid a quarter per year and are due in 24.2-2031.
Zero cupboard bonds for 688 days are due at 3-2-2028.
Committee on Monetary Policy
At its last meeting, the Central Bank Monetary Policy Committee had decided to reduce the base rate of return by 100 base points.
Accordingly, the rate of deposit and loan returns for one night and the main Central Bank operation was reduced to 19.0%, 20.0% and 19.5%, respectively, and the price of credit and deduction was reduced to 19.5%.
We recommend: Central Bank withdraws liquidity of EGP 343.9 billion through open market tender
The Ministry of Finance authorizes the Central Bank, throughout the fiscal year, to manage its own treasury bills and bonds in pounds, to finance and spend the proceeds on the items of the state budget for the current fiscal year.
