Latest in Tag: Interest rate Highlight
Latest in Tag: Interest rate
The committee was formed to study the Egyptian Government’s action plan regarding the transformation of international financing institutions from operating at the benchmark interest rate (LIBOR) by the end of 2021.
MPC meeting is shrouded in ambiguity regarding expected decision, as some analysts and experts expect interest to be cut while others predict it to be fixed
The coupon return was due and collected by bondholders on 10 June 2020, while the bonds mature in August 2021.
Accordingly, they expect Sunday’s trading session to witness the results of the CBE decision, which will affect the attractiveness of other investment tools for fixed-income instruments.
No strong prospects for inflationary pressures off of rising electricity prices or repercussions from exchange rate, says banking expert
Annual headline inflation down to 5.3% in February
Shift to digital payments boosts car sales
Elwan added that Egypt Post’s deposits amounted to EGP 220bn and the number of saving account holders reached 24 million.
CBE has taken strong measures in anticipation of possible impacts of global conditions on Egypt’s economy, says Tarek Amer
Government, investors, and EGX are the most beneficiaries from the decision, while bank depositors are the most harmed
Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk
Interest rate cut would increase local investment by 70%, says El-Bahay Holding chairperson
The average official price of the US dollar at the Central Bank of Egypt (CBE) fell to EGP 16.2186 for buying and EGP 16.3186 for selling on Sunday, down from EGP 16.2669 for buying and EGP16.3669 for selling last Thursday.
Banks will begin Sunday to discuss the fate of interest on their CDs, deposits, and loans
Inflationary pressures to ease dramatically following July’s subsidy lift, says Monette Doss
The committee also organises supervisory campaigns nationwide, in coordination with various concerned authorities, to ensure that traders abide by legal controls, and to control cases that constitute harmful practices to the consumer, tax evasion, or other offenses that constitute crimes during the course of their work.
Banks cut interest rates amid noticeable reservation so as not to affect their liquidity in local currency
Yield on T-bills on Sunday’s auction dropped by 0.75-1.5%
Decline in return on investment revives EGX investments in tandem with IPO activity
Government welcomes decision, investment banks forecast further cuts by end-2019, depositors are most affected,
Falling inflation and US interest paves the way for CBE to cut its core interest rates, say analysts
CBE likely to decrease interest rates by 2-3% over next months in 2019, says Radwa El-Swaify
Company expects CBE to continue trend toward reducing interest rate by end of Q3 or Q4 of 2019
Egypt’s real GDP growth softened to 5.3% Q3 2018, unemployment rate inched up to 10.0%
Several factors favour cut, others weigh on fixing, final decision is in hands of MPC, say analysts
Increase in inflation readings does not affect our forecast for inflationary pressures in 1H19, says research note
Interest rates, accepted by finance ministry, decline on T-Bills of 91-day to 17.248 – 17.528%
Egypt’s interest rate cut and easing inflation will support bank revenues, credit rating agency Moody’s told Daily News Egypt. They cited the Central Bank of Egypt’s (CBE) 1% interest rate cut as credit positive for banks. Accordingly, as inflation is currently below the CBE’s 9% target, Moody’s forecasts further rate cuts over the next year, …
Egypt’s key credit challenges, including weak finances, large financing need, and high borrowing cost, drive exposure to interest rate shocks as well as large domestic funding cost to remain high, Elisa Parisi-Capone, vice president and senior analyst at Moody’s Investors Service, told Daily News Egypt. Moody’s believes that interest rate cut will be a step …
Decision will pave way for new reduction in interest rates in H1 2019