Latest in Tag: interest rates Highlight
Latest in Tag: interest rates
Wave of large cuts in bank interest rates on deposits, loans starting Sunday
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 …
CBE lowers interest rates 1% for the first time since floatation
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%. …
Further fall in inflation paves way for interest rates cut in Egypt: Capital Economics
Current data enough to convince MPC to ease policy at its next meeting
Will CBE cut interest rates on Thursday?
Amer hinted at imminent cuts, but linked them to curbing inflation first
Egypt shares seen moving sideways as CBE keeps interest rates on hold
EGX30 rises 2.35% in a week, hovers around all-time high
Egypt shares likely to extend sideways move as CBE keeps interest rates on hold
EGX30 lost 3.5% in a week, hovering around its lowest level in 9 months
Egypt Central Bank to reduce interest rates 1% by end of 2017: Capital Economics
Monetary easing is likely in 2018 with rates to be cut further than most expect
Interest rates stir new wave across auto market
70% of sales depends on loans, demand on used cars increased
Bond yields in emerging markets rise in anticipation of Fed decision
In May, there was an Increase in the interest on Egyptian bonds by 20 basis points in average terms
Analysts expect negative effects on EGX after raising interest rates
Continuation of increased interest on savings threatens the attractiveness of stocks: experts
Egypt’s stocks likely to move sideways due to interest rates hike, Ramadan
Local investors are expected to dump shares and turn them into banking assets
Banks tend to maintain interest rates unchanged despite CBE’s 2% hike
Government banks offer highest return on savings in the local market and they need to study the impact of new rises on money cost
Raising interest rates shakes markets, disturbs business community
Businesspeople outraged amid expectations that debt payments will increase by EGP 30bn
US Fed: Interest rates unaltered, upbeat outlook
The US Fed kept its key interest rate unchanged in its first policy meeting since Donald Trump took over as president. Painting a relatively upbeat picture of the economy, it said it expects only gradual rate rises.The Federal Reserve’s decision on Wednesday to leave its benchmark interest rate unaltered came at a time of solid …
Uncertainty clouds future of interest rate on Egyptian pound
The Monetary Policy Committee will hold its last meeting in 2016 on Thursday to review the prices of basic earnings at the CBE
Flotation of the pound, raising interest rates limit growth of retail banking: banker
Attracting new customers, including university students, and offering modern banking technology are the banks’ way of achieving better growth rates
Interest rates remain unchanged by the CBE
Analysts expect these rates to remain unchanged for three to six months
Germany issues bonds with negative interest
Investors are now paying to own German bonds, as they flock towards safe havens amid Brexit fears and turbulent stock markets. The ECB’s quantitative easing program further pushes down interest rates on sovereign debt.
Strong expectations about pound devaluation by CBE after raising interest rates
Analysts warn about the negative impact on inflation rate if the step is not well-prepared
Increasing interest rates: controlling inflation or increasing deficit and debt burden?
The government’s current debt is projected to reach 11.5% (EGP 309bn) in fiscal year (FY) 2016/17
Ambiguity mars CBE’s next move on EGP interest rates
The Central Bank of Egypt faces difficulty on inflation hike of more than 2% in May
Return on treasury bonds jumps by more than 1.5%, public banks begin to raise interest rates
Ministry of Finance offered three auctions for treasury bonds on Monday. The first is with maturity period of a year and a half, and an average return of 14.631%, compared to 12.719% before raising the interest rate, an increase of 1.912%
Fed keeps rate, pares back future hikes
The Federal Reserve kept interest rates steady, while indicating that economic headwinds around the world means the central bank won’t raise rates as high as it had originally planned.
FocusEconomics reduces GDP growth forecast for Egypt
Inflation to average 9.8% in 2016, FocusEconomics monthly report says
Banks delay raising interest rates on pound savings until return from debt instruments increases
The banks started to hold intensified meetings on Sunday morning to discuss the future of interest rates on the deposits and loans they handle.
Stock market expected to decline due to increase in interest rates
Stock exchange to face short wave of profits as a result of the increase of last 6 sessions with weak purchasing power
Banking sector shaken by raised NBE, Banque Misr interest rates
Intensified meetings in banks to discuss the move’s effects on customer deposits
New CBE governor must balance between inflation, exchange rate, interest rates: Expert
The Egyptian pound will not rise because of a new governor, says Abdel Aal
China announces further stimulus amid slump
The People’s Bank of China has cut interest rates for the sixth time since November as the drooping economy shows few signs of picking up any time soon. This comes as leaders are expected to lower China’s growth target. China’s central bank on Friday announced further stimulatory steps to jumpstart its flagging economy, cutting interest …
Fed leaves door open for September rate hike
Following a two-day policy meeting, the Federal Reserve kept its benchmark interest rates unchanged at near zero percent. The central bank also said that the US economy and jobs market are continuing to strengthen. The bank’s rate-setting Federal Open Market Committee said in a policy statement on Wednesday that the US economy has expanded “moderately” …