Soaring commodity and energy prices have added strain on the economy of Egypt that targets a inflation rate of 7 percent (±2 percentage points) for the fourth quarter of 2022, the statement noted. According to official statistics, the annual headline inflation in Egypt rose to 10 percent in ...
Vehicles carrying wheat are seen at a grain silo in Banha of Qalyubia Governorate, Egypt, on May 16, 2022. Egyptian Prime Minister Mostafa Madbouly said on Sunday that Egypt will not have a crisis in wheat supplies despite the repercussions of the ongoing conflict between Russia and Ukraine,...
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...
Inflation dropped to 25.7% in July, the first time the real interest rate has been positive since January 2022. Inflation had fallen from a record 38% in September to 27.5% in June. The monetary policy committee said it was targeting inflation of below 9% by the end of 2024....
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...
In this article, time-series models are developed to represent three alternative, potential monetary policy regimes as monetary policy returns to normal. The first regime is a return to the high and volatile inflation rate of the 1970s. The second regime, the one expected by most Federal Reserv...
Policy Interest Rate (%) Explore and compare policy interest rate data among nearly 200 nations with indispensable insights from FocusEconomics. Access precise historical data on policy interest rates throughout the years 2019, 2020, 2021, 2022 and 2023. This data is valuable for informing ...
Using the case of four leading African economies, namely Algeria, Egypt, Nigeria and South Africa, this paper explores the possibility of asymmetric relationship between exchange rate and interest rate differential. In addition, it also tests whether accounting for structural breaks matters for the nex...
What triggered these economic travails was when the Central Bank of Egypt embarked on a major economic reform program in November 2016 that included lifting restrictions on foreign exchange transfers, which floated the Egyptian pound (LE). By letting the foreign exchange rate for the Egyptian pou...
Botswana | Bank Rate Aug 22, 2024 Central Bank 5.75% -0.25 Dominican Republic | Policy Rate 29 Dec 2024 Central Bank 27.25 % +6.00 Egypt | ON Deposit Rate Mar 06,2024 Central Bank 0.25 % - 0.25 Fiji | ON Policy Rate Mar 18, 2020 ...