CAIRO – 22 June 2023: The Monetary Policy Committee (MPC) decided in its meeting on 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 18.25 percent, 19.25 percent, and 18.75 percent, respect...
CAIRO - 2 February 2022: The Monetary Policy Committee (MPC) decided, Thursday, to keep the Central Bank of Egypt’s (CBE) interest rates unchanged during its first meeting in 2023. The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold...
The rise in bond yields at a time when the central bank is lowering interest rates could test the economy, the markets and Donald Trump’s agenda. Tim SmartJan. 13, 2025 Supreme Court Considers TikTok Ban Under a bipartisan law passed by Congress in April, the video-based ap...
"The benefits of the weaker pound are starting to filter through, but while inflation is slowing it will not be until Q1 2025 when interest rates are cut to provide a boost to households and businesses," Swanson said. The poll forecast annual headline inflation of 20.4% in 2...
(Global Finance):https://gfmag.com/economics-policy-regulation/egypt-devalues-currency-raises-interest-rates-imf-deal-8-billion/ Egypt's Devaluation and Record Rate Hike Put IMF Deal in Reach(Bloomberg):https://www.bloomberg.com/news/articles/2024-03-06/egypt-unexpectedly-hikes-interest-rate-...
18 bids worth $554.1m were accepted, with interest ranging between 5.147% and… Hossam Mounir June 7, 2023 OpinionPolitics Opinion| 20 years after the US invaded Iraq: Did Washington lose trillions of dollars in the war? Confirming these US allegations, US Secretary of State Colin Powell ask...
The fiscal year in Egypt starts in July. In March, the CBE devalued the currency and hiked interest rates, and the government announced new fiscal stimulus measures as "mature policy moves that are expected to make the talks with the IMF go smoother," al-Fiqqy said. ...
Egypt Independent The Chairman of the National Bank of Egypt , Mohamed al-Etreby, announced that interest rates are expected to decrease by three to six percent over the coming year, anticipating a decline in inflation rates. In a meeting with Prime Minister Mostafa Madbouly and a number of ...
CAIRO, March 22 (Xinhua) -- Egypt's cabinet on Tuesday approved a draft budget for the fiscal year 2022-2023, which begins on July 1, with an expected 6.1 percent deficit. Prime Minister Mostafa Madbouly told the cabinet meeting that the new budget was restructured in light of the global...
Government Debt to GDP95.8087.20percent of GDPDec 2023 Government Revenues2142110.001563921.00EGP MillionJun 2024 Government Spending135.10158.13EGP BillionDec 2023 Holidays Military Expenditure3164.604645.90USD MillionDec 2023 Egypt Government Debt to GDP ...