Interest Rate

JPMorgan anticipates 2% hike in interest rates by CBE

Tue, 12 Mar 2024 - 11:29 GMT

Furthermore, JPMorgan's analysts have revised their stance, stating that they no longer anticipate any potential rate cuts until February 2025.

Congruence among participants in National Dialogue's inflation session on lowering production costs

Wed, 06 Sep 2023 - 01:00 GMT

Participants in the National Dialogue's session on inflation and price hikes demanded Tuesday the detection of price manipulation and monopolistic practices.

Beltone: CBE likely to keep interest rates on hold at next meeting

Mon, 13 Jun 2022 - 06:10 GMT

The annual general inflation in Egypt rose to 13.5 percent last May, compared to 13.1 percent in April, which is lower than expectations that it was likely to reach 15 percent.

President Sisi approves 13% increase in pensions: Egypt’s PM

Mon, 21 Mar 2022 - 09:15 GMT

The increase would be applied next April rather than July, at an additional cost of LE 8 billion.

CBE Governor: Decisions regarding exchange, interest rates positive

Mon, 21 Mar 2022 - 08:45 GMT

The Russian-Ukrainian war was another blow that led to global economic instability and major economic wars, and of course, it affected Egypt, Amer continued.

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 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.

Egyptian banks reduce interest rate of dollar-dominated savings by 1%

Tue, 24 Mar 2020 - 12:20 GMT

The source said the decision came in light of a trend by all international central banks to down the interest rate on dollars.

Shuaa Securities expects unchanged rates during February

Thu, 13 Feb 2020 - 03:04 GMT

However, the report expected a 200-basis point cut before the end of 2020.

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.

How will inflation decline affect economy?

Mon, 14 Oct 2019 - 03:41 GMT

Shafei clarified in a statement that the rate of inflation in urban areas fell to 4.8 percent to the lowest level since November 2012.

Cabinet: inflation rate decline, growth rise prompted CBE to cut interest rates

Sun, 01 Sep 2019 - 02:25 GMT

CBE said some elements led to the cut of the interest rate, the first is the reduction of inflation rate to reach 8.7 percent in July 2019 while the second is the decline of unemployment rate in the second quarter of 2019.

With Fed sure to cut rates, Powell on hook to flag next steps

Wed, 31 Jul 2019 - 10:38 GMT

The widely expected quarter-percentage-point lowering of borrowing costs, however, is unlikely to assuage U.S. President Donald Trump’s increasingly strident demands for the central bank to ease monetary policy.

CBE to keep interest rates on hold ignoring declining inflation

Thu, 11 Jul 2019 - 12:14 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s annual consumer price inflation rose to 8.9 percent in June 2019, compared to 13.8 percent in June 2018.

Fed sees case building for interest rate cuts this year

Thu, 20 Jun 2019 - 09:38 GMT

Even as the U.S. central bank left its benchmark interest rate unchanged for now, the shift in sentiment since its last policy meeting was marked.

Beltone Financial expects 100bps interest rates cut during May

Mon, 13 May 2019 - 02:46 GMT

“There is another room for another 100bps which was pending confirmation on eased inflation with April reading.”

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.

Fed's balance sheet plan, economic outlook under microscope

Wed, 20 Mar 2019 - 09:50 GMT

The more intense focus among investors may be on the balance sheet, and the Fed’s plans to stop reducing its holdings of Treasury bonds and mortgage-backed securities each month by as much as $50 billion.

China premier says can use interest rates, other policy steps to help economy

Fri, 15 Mar 2019 - 07:36 GMT

Li's comments suggest Beijing is ready to roll out more forceful stimulus measures to ease strains on businesses and consumers.

Hermes: Interest rate likely to decline by 1 to 2% in 2019

Thu, 27 Dec 2018 - 02:34 GMT

The bank might mull a one or two percent cut of interest rate in the second half of 2019, he added.