Egyptian lentil prices today are impossible after the decision to raise the interest rate

Today, the price of a kilo of lentils in wholesale and retail stores has stabilized at the same prices as the previous two days, which had increased by about 3 pounds, after the price per kilo was 40 pounds in wholesale, and 45 pounds in retail. A number of wholesalers and retailers expected a move in the prices of lentils in the local market, after the decision of the Central Bank of Egypt, in its meeting this Thursday evening, to raise the interest rate by 3%. The Monetary Policy Committee of the Central Bank of Egypt had decided, in its meeting held this evening, Thursday, December 22, 2022, to raise interest rates on deposits and lending for one night, and the rate of the main operation of the Central Bank by 300 basis points, to reach 16.25%, 17.25% and 16.75%. arrangement, credit and debit were raised by 300 basis points to 16.75%. The price of lentils ranges today in wholesale stores at 45 pounds, and in retail at 47 pounds, while some shops offer it at a price of up to 48 ...