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" Interest Rates"

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Business - Economy
2/1/2023 4:18:47 PM
High interest rates carry multiple risks to the future of investment in Egypt. They negatively affect investment due to high financing prices, which in turn affect the ability of businesses to obtain the local financing necessary to build factories and expand, stated the Egyptian Junior Business Association (EJB) on Wednesday.

Business - Economy
2/1/2023 2:12:56 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday, the first meeting in 2023, to review the key interest rates in light of the recent updates in the country’s macroeconomy.

Business - Economy
1/23/2023 10:12:03 PM
European Central Bank chief Christine Lagarde said Monday that interest rates need to continue rising at a "steady pace" in order to avoid inflation becoming entrenched.

Al-Ahram Weekly - Egypt
1/17/2023 10:22:31 PM
How will the unprecedentedly high interest rates on certificates of deposit affect the economy as a whole, asks Nahla Abul-Ezz

Business - Markets & Companies
1/5/2023 6:35:20 PM
Eurozone and US stocks fell Thursday as US jobs data added to concerns the Federal Reserve will push on with hikes in US interest rates to fight decades-high inflation.

Business - Economy
1/4/2023 12:30:27 PM
The National Bank of Egypt (NBE) and Banque Misr have issued new one-year maturity saving certificates with a 25 percent yield after one year, the highest yield on record, the two banks announced on Wednesday.

Business - Economy
12/30/2022 7:17:54 PM
Stock markets were wrapping up their worst performances in years on Friday before heading into 2023 under recession fears following Russia's invasion of Ukraine, high inflation, and rising interest rates.

Business - Economy
12/22/2022 9:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised on Thursday the interest rates by three percent (300 bps), thus exceeding expectations.


Business - Economy
12/22/2022 12:53:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting for 2022 on Thursday to review the key interest rates in light of the latest updates in the local and global economic scene, particularly the accelerating inflation rates.

Al-Ahram Weekly - Egypt
12/20/2022 1:08:00 PM
A year ago, experts warned of inflationary pressures because of increased demand after two years of closures related to the Covid-19 pandemic, which led to supply chain disruptions.

Business - Economy
12/2/2022 5:17:41 PM
Stock markets fell on Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to aggressively hike interest rates to tame inflation.

Business - Economy
11/30/2022 7:27:58 PM
Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate.

Business - Economy
11/22/2022 12:34:31 PM
Hobbled by high interest rates, punishing inflation and Russia's war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.

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 - Markets & Companies
11/17/2022 10:31:15 PM
Stocks fell on Wall Street and Treasury yields rose Thursday afternoon after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control.

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

Business - Economy
11/3/2022 11:00:21 AM
Asian markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would go higher than expected, blowing a hole in hopes for a more dovish pivot in its fight against inflation.

Business - Economy
10/27/2022 10:59:19 PM
Gold prices in the Egyptian market recorded a remarkable increase on Thursday a few hours after the latest rise in the value of the US dollar against the Egyptian currency and the rise of key interest rates.

Business - Economy
10/27/2022 6:57:09 PM
The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy's health has emerged as a paramount issue.

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.

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