Latest in Tag: Interest rate Highlight

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Latest in Tag: Interest rate

CBE to cut interest rate in March: Deutsche Bank

The Central Bank of Egypt (CBE) will cut interest rates next March, Deutsche Bank said in a research note. The bank also forecasts that the CBE is inclined to cut interest rates by 100 basis points next March, Enterprise reported. Deutsche Bank also expects that the CBE will keep interest rates unchanged in the first …

Nehal Samir

NBE, Banque Misr discontinue their 20% interest rate saving certificates

The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …

Hossam Mounir

Banque du Caire raises its interest rates by 1.5-2%

Banque du Caire decided to hike the interest rates offered on its saving vessels, including saving accounts and deposits by rates, between 1.5% and 2%. The bank also decided to introduce new savings vessels with a variable yield linked to the price of the corridor announced by the Central Bank of Egypt (CBE). Mounir El-Zahid, …

Daily News Egypt

Waiting in vain for ECB interest rate reversal

European Central Bank governors are to meet in Estonia’s capital for their next interest rate meeting. But no one really expects a rate hike, so German savers will have to exercise more patience.The eurozone’s near decade of economic stagnation appears to be over. In the first quarter of 2017, gross domestic product (GDP) grew by …

Deutsche Welle

Is an interest rate change on the horizon?

For nine years, interest rates have fallen and the European Central Bank has fired up the economy with a flood of money. It is becoming increasingly clear that this cannot last forever.”With a sense of foreboding” – the phrase used when someone has a feeling something is going to happen before it does. That must …

Deutsche Welle