MPC

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 during May

Thu, 14 May 2020 - 02:54 GMT

The discount rate was also kept unchanged at 9.75 percent, according to MPC’s decision.

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 keeps interest rates unchanged during 2020’s 1st meeting

Thu, 16 Jan 2020 - 06:26 GMT

The overnight deposit rate, the overnight lending rate, and the rate of the main operation are kept at 12.25 percent, 13.25 percent, and 12.75 percent, respectively.

CBE postpones Monetary Policy Committee's meeting to Jan. 16

Thu, 26 Dec 2019 - 11:56 GMT

The Monetary Policy Committee meeting scheduled for December 26, 2019 has been changed to January 16, 2020.

Egypt continues monetary easing cycle, cuts interest rate for 3rd time in row

Thu, 14 Nov 2019 - 05:26 GMT

The overnight deposit rate, the overnight lending rate, and the rate of the main operation are cut to be at 12.25 percent, 13.25 percent, and 12.75 percent, respectively.

CBE has 'room' for 3rd consecutive interest rates' cut

Thu, 14 Nov 2019 - 12:53 GMT

"The CBE can comfortably cut rates in the coming meeting," Senior Economist at Shuaa Securities Esraa Ahmed said.

After inflation’s decline, will CBE cut rates in November?

Mon, 14 Oct 2019 - 10:01 GMT

Registering a fourth consecutive monthly decline, Egypt’s inflation rates opened speculation once again in September about the expectations of possible interest rate decisions during November.

After inflation’s decline, will CBE cut rates in November?

Sun, 13 Oct 2019 - 01:44 GMT

Registering a fourth consecutive monthly decline, Egypt’s inflation rates opened speculation once again in September about the expectations of possible interest rate decisions during November.

Reasons behind CBE's decision on cutting interest rates

Thu, 26 Sep 2019 - 04:02 GMT

CBE reviewed the reasons behind this decision in a press release.

CBE cuts interest rates 100bps during September

Thu, 26 Sep 2019 - 02:17 GMT

The overnight deposit rate, the overnight lending rate, and the rate of the main operation are cut to be at 13.25 percent, 14.25 percent, and 13.75 percent, higher than economists’ expectations.

Will CBE continue its easing cycle Thursday?

Thu, 26 Sep 2019 - 01:51 GMT

Analysts go for cutting the rates but expecting it not be aggressive.

CBE resumes monetary easing cycle, cuts interest rates by 150bps

Thu, 22 Aug 2019 - 05:24 GMT

August's meeting is CBE's fifth meeting in 2019, which ended with cutting the rates amid a global wave of interest rates cut, decline of inflation rate to a four-year low, and the hovering prices of oil around $60 per barrel.

CBE expected to follow global wave of interest rate cuts amid inflation drop

Thu, 22 Aug 2019 - 03:19 GMT

Egypt's Central Bank (CBE) is expected to cut interest rates on Thursday's, August 22, meeting by around 100 basis points.

CBE keeps interest rates unchanged during July

Thu, 11 Jul 2019 - 04:32 GMT

The overnight deposit rate and the overnight lending rate were cut at 15.75 percent and 16.75 percent, respectively, during the fourth meeting of 2019.

CBE Keeps interest rates on hold during May

Thu, 23 May 2019 - 02:15 GMT

The overnight deposit rate and the overnight lending rate were kept at 15.75 percent and 16.75 percent, respectively, during May’s meeting.

Steady interest rates expected during May’s meeting

Thu, 23 May 2019 - 01:14 GMT

The Monetary Policy Committee of the Central Bank of Egypt (CBE) will meet Thursday, May 23, to discuss the interest rates.

CBE keeps interest rates unchanged during March

Thu, 28 Mar 2019 - 05:48 GMT

The Monetary Policy Committee of the Central Bank of Egypt kept the overnight deposit rate and the overnight lending rate at 15.75 percent and 16.75 percent, respectively.

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