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CBE to fix deposit, loan interest rates
Financial Policy Committee has fears over growth rates with the deflation of global economy
Tourism investors face obstacles in Egypt
Banks prefer to loan government over investors, says Egyptian Tourism Federation Chairman
CBE maintains key interest rates
The CBE also kept the discount rate unchanged at 9.25%.
NBE to grant credit for 640 housing units
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms
CBE interest rates remain unchanged
Early Monday, the Central Bank of Egypt adjusted July’s inflation rate, increasing it from 10.61% to 11.04%
7 banks raise interest rates on deposits after Central Bank decision
A recent CBE decision saw an increase in the benchmark overnight deposit rate by 1% to 9.25%, and the overnight lending rate to 10.25%.
National Bank of Egypt, Banque du Caire, and Banque Misr increase returns on savings certificates
A number of government banks raise returns on savings certificates to attract liquidity, fight inflation, and increase individual returns
Interest rate hike to threaten government debt inflation if financial reform fails: DCode Chairman
Central Bank of Egypt increased interest rates by 1% to contain high inflation expected after subsidy decrease and petroleum price increases
CBE keeps interest rates on hold for third consecutive time
Bank says decision aims to balance increasing annual inflation rates, sluggish economic activity, low investment levels and negative GDP outlook
Finance minister discusses current economic situation and challenges for next government
Galal discloses that the CBE has held onto a $9bn deposit since the 1990s, which the government will use to finance its two stimulus packages
Annual inflation reached 11.15% in October: CAPMAS
The urban consumer inflation rate rose to 10.4% in October
Interest rates remain fixed as inflation rises: analysts
Central Bank decision to maintain interest rate was expected by analysts in order to curb inflation and save the deposits of family sector in banks
Second interest rate cut in a row to encourage lending: Experts
Central Bank’s decision to cut the interest rates is seen as a way to boost economy
NBE follows in Banque Misr footsteps
Bank raises interest rates on platinum by 2%
CBE keeps interest rates unchanged
Monetary Policy Committee keeps interest rates the same for the ninth time since February last year
Foreign, local pressures boost Saudi rates
By Andrew Torchia / Reuters DUBAI: Saudi Arabia’s market interest rates are climbing as the economy booms, but the rise is as much due to international pressures as strain on banks’ lending resources, and any hike of official rates probably remains distant. The increase in interbank lending costs underlines how Saudi money markets are returning to …
Egypt central bank says holds interest rates, as expected
By Patrick Werr / Reuters CAIRO: Egypt’s central bank kept its overnight deposit and lending rates unchanged on Thursday, in line with expectations after inflation increased only mildly in February and following a cut in the reserve requirement on deposits to help spur growth. The bank’s Monetary Policy Committee kept its benchmark lending rate steady at …
Egypt central bank seen keeping key rates steady
By Patrick Werr / Reuters CAIRO: Egypt’s central bank is expected to leave its key interest rates unchanged this week after inflation increased only mildly in February and following a cut in the reserve requirement on local currency deposits that should help to spur growth. In a Reuters survey, all five economists forecast that Thursday’s meeting …