Monetary Policy

International Monetary Fund urges Egypt to proceed with monetary policy, successful reforms

Mon, 20 Jul 2020 - 10:24 GMT

Georgieva said the Egyptian state acted “very swiftly” once the coronavirus pandemic started to protect people and therefore protect the economy.

Egypt central bank says to target inflation as part of monetary policy

Tue, 06 Nov 2018 - 12:37 GMT

“We will move to inflation targeting, a flexible inflation targeting framework,” said Lobna Helal, deputy governor of the Central Bank of Egypt at a conference in Abu Dhabi.

Fed's Williams sees three to four rate hikes in 2018

Sat, 24 Feb 2018 - 10:05 GMT

The Federal Reserve should raise U.S. interest rates three or four times this year, John Williams, president of the San Francisco Federal Reserve Bank, said.

Business News Wrap-up

Wed, 07 Feb 2018 - 05:20 GMT

A wrap-up of the most prominent business news of the day.

CBE expected to ease monetary policy after cooling inflation

Wed, 07 Feb 2018 - 12:38 GMT

CBE Governor said Tuesday that the bank plans to start easing monetary policy “soon,” once it is assured that inflation has been controlled.

IMF upgrades Egypt’s economic growth forecast to 5.5% in FY 2018/19

Thu, 21 Dec 2017 - 10:45 GMT

With receiving the latest tranche, the IMF would have paid a total value of $6.08 billion to Egypt.

Global stocks stay buoyant as monetary policy focus builds

Wed, 18 Oct 2017 - 01:37 GMT

World stocks stayed near all-time peaks and the dollar extended a winning streak on Wednesday.

Tokyo Gov. Koike: No need for big change in monetary policy

Fri, 06 Oct 2017 - 01:06 GMT

Tokyo Governor Yuriko Koike, whose new conservative party is challenging Japan's ruling bloc in an Oct. 22 election.

Dollar hits nearly two-year low against euro after Draghi comments

Thu, 20 Jul 2017 - 08:00 GMT

The dollar fell to its lowest level in nearly 2 years against the euro on Thursday after Draghi said policymakers would discuss its bond-buying scheme in the autumn

‘Unjustifiable’ rate hike to weigh on budget shortfall

Mon, 10 Jul 2017 - 07:41 GMT

The Central Bank of Egypt’s (CBE) unexpected decision to hike key policy rates is “unjustifiable” and will add more pressure on the state budget.

CBE hikes interest rates 2% to curb soaring inflation

Thu, 06 Jul 2017 - 08:30 GMT

The Central Bank of Egypt (CBE) unexpectedly decided Thursday to raise interest rates by 200 basis points (two percent)

CBE expected to keep interest rates on hold despite subsidy cut

Thu, 06 Jul 2017 - 01:50 GMT

The Central Bank of Egypt (CBE) is scheduled to consider interest rates today

Interest rates to remain stable: Reuters poll

Tue, 04 Jul 2017 - 12:52 GMT

Economists expected an increase in inflation rates due to rising fuel prices.