MPC

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 keeps interest rates unchanged in 2020's last meeting

Thu, 24 Dec 2020 - 06:08 GMT

The discount rate was also kept unchanged at 8.75 percent.

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.

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.

More