Findings The results reveal that real interest rate has a significant impact on bank loans, which indicates that the bank lending channel is effective in Egypt. Furthermore, the bank level variables, namely, banks' size, liquidity and income have significant effects on bank loans in Egypt, ...
The median forecast in a poll of 15 analysts was for the central bank to hold its deposit rate steady at 27.25% and lending rate at 28.25% when the committee meets. Only one analyst expected the bank to lower rates by 100 bps. "We anticipate interest rates being left on hol...
"Since the interest rate has decreased and the amount of forex reserves is safe, this should positively reflect on the prices of commodities in the local market," said the banking expert. He added that the interest rates affect those investors whose businesses are based on domestic borrowing, s...
Domestically, growth of real economic activity moderated to 3.9 percent in 2022 Q4 compared to 4.4 percent in 2022 Q3, implying that growth during the first half of the fiscal year 2022/23 registered 4.2 percent. Detailed figures for 2022 Q4 portray that growth was mainly driven by the positiv...
Egypt's economy, already shaky, has been buffeted successively by the coronavirus, Russia's invasion of Ukraine and the war in Gaza. Inflation dropped to 25.7% in July, the first time the real interest rate has been positive since January 2022. Inflation fell gradually from an all...
Interest rates were cut in response to the damaging COVID-19 lockdown measures. However, the country still has one of the highestreal interest ratesin the world, which has helped to sell treasuries and protect the currency but discouraged borrowing.9 ...
with the inflation rate averaging around 9.2 percent during the period from 2024 to 2028. It emphasizes the need to focus on controlling the expansion of the money supply and linking it to the real GDP growth rates beyond the economic growth rates to contain inflationary pressures driven by an...
Real growth rate: 4.2%. Inflation: 9.3%. Unemployment: 7.86%. Arable land: 2.8%. Agriculture: cotton, rice, corn, wheat, beans, fruits, vegetables; cattle, water buffalo, sheep, goats. Labor force: 24.113 million (2020); agriculture 25.8%, industry 25.1%, services 49.1% (2015 est.). ...
In addition, it examines the Granger causality between inflation and money supply as well as between inflation and the real exchange rate in the countries under consideration. Most of the results are consistent with extant theory and empirical evidence.doi:10.1080/00036849500000104...
October 9, 2024 BusinessInterviewsReal Estate Ora Developers Egypt achieves EGP 145bn in sales over six years Ora Developers Egypt has achieved sales totalling EGP 145bn since its debut in the Egyptian real estate market six years… Shaimaa Al-Aees ...