The nation’s talking heads are picking up on banks moving to cut rates on their saving products as they react to a new lower interest rate environment after the central bank cut rates by 225 bps last Thursday. Leading the charge was Kelma Akhira’s Lamees El Hadidi, who invited former Financial Regulatory Authority head Sherif Samy to call in to break it down for her viewers (watch, runtime: 4:22).

“Each bank has different targets, but all eyes are on NBE and Banque Misr, since they control nearly half the market share,” Samy said. Earlier in the day, the NBE cut rates on some of its high interest certificates by 225 bps. More banks are expected to follow suit — although some may opt to maintain higher yields to retain liquidity, banking expert Hany Abou El Fotouh recently told us.

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