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View Full Version : Egypt Cuts Reserve Ratio on Pound Deposits by 200 Basis Points - Bloomberg



NewsWhore
03-20-2012, 10:10 AM
Egypt Cuts Reserve Ratio on Pound Deposits by 200 Basis Points (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEEyo5ZVAiuQN0CR9BL11FMR_A6Tg&url=http://www.bloomberg.com/news/2012-03-20/egypt-cuts-reserve-ratio-on-pound-deposits-by-200-basis-points.html)
Bloomberg
The Egyptian central bank cut the required reserve ratio on local-currency deposits to provide liquidity for the banking system, which bore the brunt of government borrowing after last year's uprising. The central bank cut the ratio by two percentage ...

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