Latest in Tag: interest rates Highlight
Latest in Tag: interest rates
Bank maintains, on 18 March, its basic interest rates for third consecutive time at 8.25% for deposit, 9.25% for lending
All services provided by Egypt Post are expected to be available on its Yala mobile application
In its last meeting for 2020, Bank decided to maintain deposit and lending rates at 8.25% and 9.25%, respectively
Both banks cancel savings certificates with quarterly return
Central Bank of Egypt new inflation target has been set at 7% (±2%) on average in the fourth quarter of 2022
Yield of some savings certificates, loan products automatically decreases by 0.5%, while market awaits launch of first bids for T-bills, bonds
Returns on debt instruments also see minor decreases
Market anticipates CBE announcement, on Monday, regarding inflation in July 2020
Maintaining local currency attractive amid economic uncertainty due to Covid-19 crisis suggests keeping rates unchanged
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
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.