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" Egypt Central Bank"

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Business - Economy
5/17/2021 3:20:08 PM
Despite the CBE's total assets growing by the end of April, gold and cash assets dropped compared to December's data

Business - Economy
4/28/2021 5:23:07 PM
The MPC said that its decision is consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in the fourth quarter of 2022 and price stability over the medium term.

Business - Economy
4/27/2021 12:42:00 PM
In the last two meetings, the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation remained unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively

Business - Economy
4/22/2021 9:42:20 PM
The regulation also states that the bank issuing electronic units must have deposits in Egyptian pounds that are no less in value than the electronic units

Business - Economy
4/22/2021 12:49:36 PM
The CBE said that the action is in line with the National Payments Council’s strategy that aims to attain digital transformation and financial inclusion

Business - Economy
3/24/2021 12:28:24 PM
The CBE decision comes under President Sisi's directives to reinforce the financial inclusion policy and pay attention to all classes in society

Business - Economy
3/22/2021 3:54:39 PM
The maturity date for the five-year term T-bonds is 12 January 2026, while the maturity date of the 10-year term T-bonds will be 12 January 2031

Business - Economy
3/18/2021 9:14:00 PM

Business - Economy
3/18/2021 11:03:00 AM
The current overnight deposit rate, the overnight lending rate, and the rate of the main operation are at 8.25 percent, 9.25 percent, and 8.75 percent, respectively

Business - Economy
2/24/2021 12:56:21 PM
The allocations will benefit more than 120 MSMEs and accelerate economic growth

Business - Economy
2/4/2021 11:00:25 PM
Domestic and global economic activity and the developments in macroeconomic signs drove the CBE to keep the current interest rates unchanged

Business - Economy
2/3/2021 2:11:31 PM
In 2020, the CBE slashed key interest rates by a total of 4 percent to stand at at 8.25 percent, 9.25 percent, and 8.75 percent for overnight deposit rate, overnight lending rate, and the rate of the main operation respectively

Business - Economy
2/1/2021 2:13:37 PM
The CBE attributed the 'temporary increase' to the drop in services surplus by 78.3 percent to register $876.3 million, down from $4 billion

Egypt -
1/10/2021 6:01:43 PM
Issuance coincides with the inauguration of new printing house in New Administrative Capital this June

Business - Economy
1/4/2021 1:44:57 PM
Presidential orders were given to alleviate the woes of the hard-hit tourism sector, the CBE said

Business - Economy
12/28/2020 10:19:35 PM
The bank had renewed the measures in September, and they were expected to be lifted by the end of 2020

Business - Economy
12/24/2020 9:15:03 PM
CBE announces it has reset next inflation target to be at 7 percent during the fourth quarter of 2022 down from 9 percent to support macroeconomic stability

Business - Economy
12/23/2020 12:58:32 PM
Expectations on the Monetary Policy Committee’s decision have been divided between introducing new cuts and keeping current interest rates unchanged

Business - Economy
12/7/2020 6:04:37 PM
The grace period of loans of tourism sector workers have been extended to the end of 2021

Business - Economy
12/2/2020 12:26:15 PM
Positive news on coronavirus vaccines and the fading of uncertainty regarding the US elections helped global markets performance in late November

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