Interest Rates

Egypt's central bank to keep interest rates unchanged

Thu, 05 Aug 2021 - 05:34 GMT

The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively.

Egypt's central bank to keep interest rates unchanged during 2021: Capital Economics

Sun, 20 Jun 2021 - 04:16 GMT

It also expected that policymakers will reduce the overnight deposit rate by a total of 150bps the end of next year, taking it 6.75 percent. This is more easing than the consensus currently anticipates.

Egypt's central bank keeps interest rates unchanged in June

Thu, 17 Jun 2021 - 07:16 GMT

The Monetary Policy Committee (MPC) decided, Thursday, to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively.

Egypt's central bank keeps interest rates unchanged during April

Wed, 28 Apr 2021 - 02:35 GMT

MPC decided that keeping policy rates unchanged remains consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in 2022 Q4 and price stability over the medium term.

Egypt's central bank keeps interest rates unchanged during March's meeting

Thu, 18 Mar 2021 - 05:03 GMT

The discount rate was also kept unchanged at 8.75 percent.

Egypt's central bank keeps interest rates unchanged in 2021's 1st meeting

Thu, 04 Feb 2021 - 04:20 GMT

The discount rate was also kept unchanged at 8.75 percent.

Egypt's central bank to keep interest rates unchanged in coming meetings: Standard Chartered to ET

Tue, 17 Nov 2020 - 10:31 GMT

Economist at the Bank, Carla Slim clarified that this anticipation comes as inflation is expected to pick-up gradually back towards the CBE’s 9 percent (+/-3 percent) target.

Egypt's central bank cuts interest rates by 50 basis point

Thu, 12 Nov 2020 - 05:57 GMT

The discount rate was also cut by 50 basis points to 8.75 percent.

Mashat stresses need of int'l institutions to reach consensual reference interest rate

Tue, 13 Oct 2020 - 03:40 GMT

Al Mashat joined the high level discussion organized by the World Bank Group in the 2020 Annual Meetings, entitled "Beyond Libor ... Are we prepared?”

Egypt has world's highest interest rates as inflation slows down: Bloomberg

Tue, 11 Aug 2020 - 03:16 GMT

The American news agency stated that consumer prices in urban parts of Egypt grew at the slowest annual pace since November as the global pandemic weighed on demand and food costs declined.

Egypt's central bank statement on unchanged interest rates

Thu, 25 Jun 2020 - 04:45 GMT

MPC attributed the reasons behind keeping the rates unchanged for the third consecutive meeting in a statement.

Egypt's central bank keeps interest rates unchanged for 3rd meeting in row

Thu, 25 Jun 2020 - 04:41 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Egypt's central bank keeps interest rates unchanged

Thu, 02 Apr 2020 - 04:36 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation are kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Will Egypt continue its monetary easing cycle after unscheduled 3%-interest rate-cut?

Tue, 31 Mar 2020 - 06:55 GMT

In the midst of anticipation and trends for monetary easing to confront the spread of COVID-19, the central bank is going to meet on April 2 to discuss interest rates.

Egypt's central bank exceptionally cuts interest rates 3%

Mon, 16 Mar 2020 - 04:32 GMT

The overnight deposit rate, the overnight lending rate, and the rate of the main operation are cut to reach 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Capital Economics sees Egypt to continue easing monetary cycle

Wed, 11 Mar 2020 - 04:16 GMT

"We expect the interest rate to be reduced to 10 percent by the end of this year and to 9.50 percent by end-2021," it added.

CBE statement on unchanged interest rates

Thu, 20 Feb 2020 - 08:10 GMT

In a statement published on Thursday, CBE stated that the decision comes as a result of monthly inflation, prices of fresh vegetables, GDP growth and global economic activity.

CBE keeps interest rates unchanged during February

Thu, 20 Feb 2020 - 07:42 GMT

The discount rate was also kept unchanged at 12.75 percent.

Capital Economics expects CBE to cut interest rates by 50bps

Wed, 12 Feb 2020 - 02:00 GMT

"We have penciled in a 50bp cut in the overnight deposit rate, to 11.75 percent, at next week’s meeting and expect it to be cut further to 10 percent by year-end.”

CBE statement on unchanged interest rates

Thu, 16 Jan 2020 - 07:02 GMT

CBE stated that the decision comes as a result of monthly inflation, prices of fresh vegetables, GDP growth and international oil prices.

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