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" Central bank"

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Business - Economy
11/27/2022 8:26:30 PM
The Central Bank of Egypt offered on Sunday Egyptian pound-backed treasury bills (T-bills) with a total value of EGP 28.5 billion over two maturity types.

Business - Economy
11/27/2022 2:43:00 PM
The Central Bank of Egypt (CBE) launched on Sunday its financial inclusion strategy for 2022-2025 that sets key objectives and priorities for creating financial inclusion in the country.

Business - Economy
11/24/2022 10:48:48 AM
A majority of US Federal Reserve policymakers found that a slower pace of interest rate hikes would "likely soon be appropriate," the central bank said Wednesday.

Business - Economy
11/21/2022 2:42:04 PM
The Central Bank of Egypt (CBE) issued on Monday a circular to banks operating in the Egyptian market announcing they will no longer manage low-interest rate initiatives issued by the bank across several sectors in the country, handing off the responsibility to the Ministry of Finance

Business - Economy
11/18/2022 3:13:10 PM
Eurozone banks are set to pay back on Friday just under 300 billion euros ($311 billion) in cheap loans paid out by the European Central Bank, the institution said, as it looks to ease sky-high inflation.

Business - Economy
11/9/2022 6:08:51 PM
The Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has deposit $1 billion into the Central Bank of Egypt, which paves the way for the authority to pump new investments into the Egyptian market, Bloomberg said on Wednesday.

Al-Ahram Weekly - Egypt
11/8/2022 10:50:01 PM
The Central Bank of Egypt is gradually meeting demands by the country’s importers for more hard currency, reports Safeya Mounir

COP27 - Sharm El-Sheikh
11/7/2022 3:07:28 PM
Speeding up the transition to renewable energy can limit the chances of painfully sharp price increases, European Central Bank President Christine Lagarde said Monday, as eurozone households come under pressure from soaring bills.

Business - Economy
11/3/2022 8:49:22 PM
The Egyptian pound’s exchange rate against the US dollar dropped on Thursday to EGP 24.2 for buying and EGP 24.3 for selling, according to the Central Bank of Egypt (CBE) official exchange rate.

Business - Economy
11/3/2022 3:25:56 PM
Egypt's net international reserves (NIRs) registered $33.4 billion in late October, an increase of $214 million over its volume in September, the Central Bank of Egypt (CBE) said Thursday.

Business - Economy
11/2/2022 9:04:23 PM
The Egyptian pound’s exchange rate against the US dollar has remained almost unchanged at EGP 24.2 on Wednesday, weakening by more than 22 percent following a sharp depreciation last Thursday, according to figures by the Central Bank of Egypt (CBE).

Business - Economy
11/1/2022 6:34:03 PM
US central bankers started their two-day policy meeting Tuesday with persistently high inflation backing expectations of another rate hike, a fourth straight steep increase as price pressures fail to ease quickly enough.

Business - Economy
11/1/2022 5:43:00 PM
The Egyptian pound’s exchange rate declined to 24.2 against the US dollar at the end of Tuesday’s trading a few days after Egypt announced that it was adopting a "durably flexible" exchange rate regime in conjunction with a deal with the International Monetary Fund (IMF).

World - International
10/29/2022 11:00:22 AM
When Stelios Zompanakis quit his job at Greece's central bank to try his luck at boat racing, friends and family pleaded with him to reconsider.

Business - Economy
10/28/2022 3:09:40 PM
The Russian central bank kept its key rate at 7.5 percent on Friday, an expected measure aimed at supporting the economy against a global trend of rising borrowing costs.

Business - Economy
10/27/2022 4:09:08 PM
The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency's history and raising questions about how far the bank intends to go with the threat of recession looming over the economy.

Business - Economy
10/27/2022 3:19:48 PM
The Egyptian pound fell on Thursday during trading hours by 17 percent against the US dollar and 19 percent against the euro as the Central Bank of Egypt adopts a "flexible exchange-rate regime" as part of the new economic reform programme.

Business - Economy
10/27/2022 2:23:11 PM
The Central Bank of Egypt (CBE) has raised the exception limit of letters of credit (LCs) for imported shipments from $5,000 to $500,000 starting today, the bank announced on Thursday.

Business - Economy
10/27/2022 1:41:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised the key interest rates in an unscheduled meeting by two percent (200 bps) to reach 13.25 percent, 14.25 percent, 13.75 percent, and 13.57 percent for the overnight deposit rate, the overnight lending rate, the rate of the main operation, and the discount rate, respectively.

Business - Economy
10/27/2022 11:58:24 AM
The Central Bank of Egypt (CBE) announced in a statement released on Thursday that it will begin a process of phasing out letters of credit (LCs) for import finance by December 2022.

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