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CBE said that the COVID-19 outbreak, as well as the associated containment measures, induce a considerable disruption to economic activity and financial markets globally
The CBE said this step comes in light of global developments and the consequent movement to preserve the Egyptian economy’s gains since the launch of the national economic reform programme. It is also to preserve the proactive steps the CBE takes in exceptional circumstances.
MPC will consider market conditions, impact of emergency rate cut, inflation trend at Thursday meeting
I expect a rate cut from 2% to 3%, exchange rate to EGP 14-15: Abdel Aal
Another 200bps of rate cuts in FY 2020
After four interest cuts since the beginning of 2019, analysts and bankers have different expectations of MPC’s decision
MPC ecided at its meeting on 22 August 2019 to reduce the interest rate by 150 basis points for overnight lending, overnight deposit, and CBE’s main operation, to settle at 14.25%, 15.25%, and 14.75% respectively.
Monetary easing cycle to create jobs, positively reflect on middle class, say experts
CBE slashed overnight deposit rate, lending rate, and the rate of main operation to 14.25%, 15.25%, and 14.75%, respectively.
Expected rise in inflation means CBE likely to keep interest rates unchanged for 3rd time in 2019
April’s inflation slowdown is temporary, may pick up again by end-May: analysts, investment banks
Decision to cut interest rates by 1% is good, yet values still relatively high, say investment experts
Higher inflation in January shifts market expectations of interest stabilisation in this meeting
Inflation will be at 10%-14%, some analysis points to 17.8%
MPC cut interest rates twice this year, kept them unchanged during 4 consecutive meetings
EGX 30 rallies 3.8% or 548.9 points, closes at the level of 14,632.40 points
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to maintain interest rates at their current levels, according to a statement issued by the CBE on Thursday. On April, The MPC decided to cut interest rates by by 100 basis points (1%). For the second time in 2018, each of the overnight deposit …
Institution expects inflation slowdown to reach 12.8%, in line with CBE’s target of 13% ±3% by end-2018
BM considering fate of 17% certificates, other savings vessels, says El-Damaty
The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided to cut interest rates by 100 basis points (1%), according to a statement issued by the CBE on Thursday.
Market uncertainty over expected MPC decision, as inflation eases, interest on dollar rises globally
EGX30 records best weekly gains since December 2016 in heavy trade
Investors to embark on building new positions in large cap ahead of earnings season
Banks operating in the local market started on Sunday a wave of major cuts in their interest rates and some loans, in response to the decision of Central Bank of Egypt (CBE) to reduce its basic interest rate by 1%, a move that is the first of its kind since 3 November 2016. This came …
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to lower the overnight deposit rate, the overnight lending rate, and the rate of the Central Bank of Egypt’s (CBE) main operation by 100 basis points to 17.75%, 18.75%, and 18.25% respectively. The discount rate was also reduced by 100 basis points to 18.25%. …
Current data enough to convince MPC to ease policy at its next meeting
Amer hinted at imminent cuts, but linked them to curbing inflation first
EGX30 rises 2.35% in a week, hovers around all-time high
EGX30 lost 3.5% in a week, hovering around its lowest level in 9 months
Monetary easing is likely in 2018 with rates to be cut further than most expect