Latest in Highlight
Latest in
Egypt’s headline inflation will decline to 4.9% in May: JP Morgan Securities
Standard Chartered raises its policy rate forecast to 9.25% for both FY20 and FY21
April inflation increased due to unfavourable base effects: CBE
Annual headline inflation increased due to higher annual food contribution which offset lower contribution of non-food items
Egypt’s annual urban inflation rises to 5.9% in April: CAPMAS
CBE to review interest rate Thursday in light of new inflation figures
Naeem expects 4.6% decline in April headline CPI-U inflation
Anticipated decline is based on favourable base-year impact, food price consolidation
As inflation slows, interest rates to be maintained: Beltone
The highest growing category annually remains education, showing a 28.5% y-o-y rise, followed by recreation and culture, as well as transportation, growing at 14.3 % and 13.4% y-o-y in March, respectively
Egypt’s annual core inflation on hold at 1.9% in March: CBE
The CBE added that its consumer price index (CPI) inched up to 0.4% in March, compared to 0.2% in February and 0.5% in March 2019.
Egypt’s urban CPI inflation falls to 5.1% in March: CAPMAS
As for the annual inflation, it fell to 4.6% in March, compared to 4.9% in the preceding month, and 13.8% in March 2019.
5.5% March inflation increase expected due to health, food indices upsurge: Naeem
Current headline inflation rate stands at 5.3%, core inflation at 1.9%
Potential inflationary pressures discourage further interest rate cuts: HC
Annual headline inflation down to 5.3% in February
Egypt’s annual urban headline inflation fall to 5.3%, annual core inflation decrease to 1.7% in February
Accordingly, the annual core inflation rate recorded 1.9% in February 2020, compared to 2.7% in January 2020.
CBE reveals why Egypt’s inflation increased in January
CBE said that monthly core inflation recorded 0.7% in January 2020 from 0.4% in January 2019, annual core inflation increased to 2.7% in January 2020
Egypt’s annual urban headline inflation inches up to 7.2% in January: CAPMAS
The rise was supported by increase in prices of meat, poultry, and vegetables on monthly basis
Geopolitical events cast shadow over expectations of pound’s interest, reserve, inflation
I expect a rate cut from 2% to 3%, exchange rate to EGP 14-15: Abdel Aal
Annual headline inflation rate hikes to 6.8% in December
However, the annual inflation rate during December 2019 decreased compared to December 2018, when it recorded 11.1% at the time
Prime believes CBE won’t face big challenges to achieve its inflation target
The road is now more paved than ever for the CBE to follow inflation targeting, says analyst
Egypt’s annual core inflation falls to 2.1%, while urban headline inflation rises to 3.6% in November
Annual headline Inflation rose to 2.7% from 2.4% in October
Egypt’s GDP growth to reach 5.6% in FY 2019/20, inflation to average 8% in CY 2020: FocusEconomics
Overnight deposit rate to record 10.13% in 2020, and 9.58% in 2021
Inflation to average 8.4% in 2020: Focus Economics
Strong economic growth should stoke price pressures ahead
Egypt’s current account deficit to reach 2.5%of GDP in FY20,inflation to continue downward path : Fitch Solutions
Fitch forecasts Egypt’s GDP growth to average 4.5% y-o-y to 2028, from 3.6% in 2009-2018 period
Inflation deceleration, EGP/USD appreciation, push F&B sector to benefit: Pharos Research
Despite improving macro conditions and consumer spending behaviour, Pharos expects muted growth in Juhayna, Domty and Obour Land companies’ core product offerings caused by existing market maturity in their respective segments.
Pharos expects inflation should end 2019 with an average of 8.9% YoY
Naeem: the inflation reading adds further room to the CBE to continue on its path of monetary easing
Further opportunity to cut interest rate by 50-100 points on 14 November: Beltone
Inflation recorded positive increase in September, lower than our expectations
Lower inflation and interest rates herald green week on EGX
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
Prime Holding forecasts Egypt’s inflation to continue downward trend to 5.3%-5.5%in September
Research firm predicts further 50 bps rate cuts in the next MPC meeting in 14 November
Moody’s sees Egypt’s rate cut, easing inflation as credit positive for banks
Credit rating agency expects Egypt’s GDP to grow 5.6% in 2019, additional rate cuts next year
Demand comeback for F&B sector with moderating inflation
Demand growth back on track on more positive economic outlook, with margins reverting back to historical averages
Egypt suffers high public debts, yet inflation improves faster than expected: Moody’s
Lowering interest rates positively impacts investment in Egypt, says Kypreos
Decline of inflation means price stability, not decrease: experts
Some experts suggest citizens cannot yet feel decline due to other services not included by CAPMAS
EGX expected to continue positive move supported by lower inflation, more potential rate cuts
The EGX30 index rose 1.2% during the last week’s trading to settle at 15,110 points, and while the EGX70 rose 0.6%, closing at 556 points.
Egypt’s core inflation falls to 6-year low of 4.9% in August
EFG Hermes, Pharos forecast 1-2% interest rate cut at next MPC meeting