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Business
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Economy
9/10/2023 12:58:00 PM
Egypt’s annual headline inflation hit a record high of 39.7 percent in August, up from 38.2 percent in July, according to figures released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.
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Al-Ahram Weekly
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Economy
9/2/2023 9:43:00 AM
The hike that the Central Bank of Egypt (CBE) applied to Egypt’s key interest rates last week could be a sign of further hikes up until the end of 2023 since three further meetings of the CBE’s Monetary Policy Committee (MPC), responsible for deciding on interest rates, have yet to be held.
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Business
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Economy
8/3/2023 9:40:51 PM
Against all expectations, the Monetary Policy Committe (MPC) of the Central Bank of Egypt ( CBE) decided on Thursday to raise the key interest rates by one percent (100 bps) in its first meeting in FY2023/2024 and the fifth in 2023.
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Business
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Economy
6/22/2023 11:01:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained interest rates unchanged in its final meeting of FY2022/2023 which ends on 30 June.
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Business
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Economy
5/18/2023 10:06:00 PM
In line with widespread expectations, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to keep the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 18.25 percent, 19.25 percent, and 18.75 percent, respectively.
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Egypt
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Urban & Transport
5/1/2023 2:19:46 PM
Egypt's Alkahera Company for Ferries and Maritime Transport signed on Monday a contract to build two multi-purpose MPC14K ships with South Korea's shipbuilding company Dae Sun.
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Al-Ahram Weekly
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Economy
4/5/2023 7:15:00 PM
The Central Bank of Egypt raised interest rates at a meeting of its Monetary Policy Committee last week but took no action on the pound.
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Business
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Economy
3/30/2023 8:44:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) raised on Thursday key interest rates for the first time in 2023 by two percent (200 bps) in an attempt to control soaring inflation.
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Business
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Economy
3/29/2023 1:40:01 PM
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to convene on Thursday to review the key interest rates for the second time in 2023 amid broad expectations of a surge in interest rates by up to three percent (300 bps).
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Business
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Economy
2/2/2023 11:13:00 PM
In its first meeting in 2023, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to maintain unchanged the current interest rates.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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Economy
9/22/2022 9:51:08 PM
Bucking all expectations, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained key interest rates for the third time since the initial three percent hike following the onset of the Russian-Ukrainian war.
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Business
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Economy
8/18/2022 5:23:15 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept the current key interest rates unchanged in its meeting on Thursday.
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Business
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Economy
8/17/2022 6:47:59 PM
After a term of seven years, Governor of the Central Bank of Egypt (CBE) Tarek Amer resigned from his position on Wednesday, just one day before the scheduled meeting of the CBE’s Monetary Policy Committee (MPC).
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Business
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Economy
6/23/2022 6:06:37 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept the current key interest rates unchanged in its meeting held on Thursday.
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Business
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Economy
6/22/2022 12:07:49 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday to review the key interest rates for the fourth time in 2022 and for the third time since the outbreak of the war in Ukraine.
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Business
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Economy
5/18/2022 12:11:05 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to convene on Thursday to review the key interest rates for the third time in 2022 and for the second time since the breakout of the Russian-Ukrainian conflict.
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