Latest in Tag: Interest rate Highlight
Latest in Tag: Interest rate
IMF confirms that using interest rate is the right tool to face inflation in Egypt, the market excludes the possibility of increasing the interest rate
Expectations about targeting the level of 13,200 points this week as part of the sideways movement
The second IMF tranche disbursement will represent a confidence booster that would help ease potential pressure on the exchange rate, says Pharos
In its meeting held on 30 March, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep the overnight deposit rate, the overnight lending rate, and the CBE’s main operation rate unchanged at 14.75%, 15.75%, and 15.25% respectively. The discount rate was also kept unchanged at 15.25%.
Having increased the interest rate three times in 2016, the CBE does not plan to raise it further
Raising interest rates will not curb inflation caused by flotation and shortage, say analysts
Alaa Fekry, member of the Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that real estate companies face several challenges in the current period which may adversely affect their expansion plans in the current year and increase the prices of real estate units. Fekry, who is also the chairperson …
Direction of interest rate depends on inflation and government strategy, say analysts
Banks issue new savings certificates at high interest rates; others increased return on current certificates, while the rest are still studying the market
The committee’s decision comes in an effort to control the rising rate of inflation which reached a record high of 14.8% in June
This increase boosts the CBE’s deposit rate to 11.75% and lending to 12.75%
The CBE interest rates are the main index for interest rates on the Egyptian pound in the local market.
Foreign institutions require high return interest rates of 5.5%, which is unsuitable for banks, says ADIB Capital CEO
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided during its meeting Thursday to raise the basic interest rate by 1.5% on deposits and loans. The decision will increase the overnight rate to is 10.75% and the loan rate to 11.75%. The MPC also increased the deposit and discount rate by …
The US Federal Reserve raised the interest rates on the dollar with an expected percentage of 0.50% from the previous rate of 0.25%.
Rising inflation and expectations of higher dollar interest may raise the interest rate on the pound sooner than expected
World Bank highly considers giving $3bn loan to support budget, the first since 25 January Revolution
The European Central Bank has left its key interest rate unchanged at the historically low level of 0.05 percent. The decision aimed to allay investors’ concerns over the impact of China’s economic slowdown. Thursday’s vote of the central bank’s governing council to not raise the benchmark refinancing rate was widely expected among analysts, who also …
CBE governor back in Egypt after unofficial UK visit
Qatar promises to buy $3bn in bonds from Egypt