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"Egypt Central Bank"

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Business - Economy
8/24/2020 2:55:00 PM
On Sunday, the CBE offered T-bills in Egyptian pounds, on behalf of the finance ministry, worth EGP 20.5 billion over two terms to provide finances for the same purpose

Business - Economy
8/23/2020 1:20:52 PM
The state’s budget deficit was widened under the pressure of the COVID-19 crisis to 6.5 percent of GDP in FY2019/2020 up from 6.2 percent in FY2018/2019

Business - Economy
8/13/2020 8:40:00 PM
Rates were last cut in March, in the wake of the coronavirus crisis

Business - Economy
8/12/2020 10:02:52 PM
To contain the COVID-19 repercussions on the Egyptian economy, the CBE adopted a package of procedures that included slashing key interest rates in March by three percent

Business - Economy
8/6/2020 7:36:39 PM

Business - Economy
6/30/2020 5:34:56 PM

Business - Economy
6/28/2020 3:21:18 PM

Business - Economy
6/25/2020 6:55:00 PM
The CBE reported the lowest core inflation ever, coupled, nonetheless, with a contraction in GDP and higher unemployment rates

Business - Economy
6/25/2020 12:28:42 PM
Head of research at EFG Hermes Ahmed Shams El-Din told Ahram Online that the CBE is anticipated to maintain the current rates as the headline inflation rate is in the range the CBE has set at nine percent

Business - Economy
6/21/2020 10:36:54 PM

Business - Economy
6/19/2020 3:00:10 PM
The central bank has also approved a EGP 3 billion credit guarantee that will back loans to the tourism sector

Business - Economy
6/15/2020 1:28:15 PM

Egypt - Politics
6/10/2020 7:05:20 PM

Business - Economy
6/9/2020 3:16:35 PM
Since March, Egypt has seen a decline in its NIRs amid the COVID-19 crisis and its implications, which have forced foreign investors to sell their T-bills and bonds

Business - Economy
5/19/2020 2:36:00 PM

Business - Economy
5/14/2020 4:49:38 PM

Business - Economy
5/14/2020 1:43:00 PM
The move is part of efforts to support vital sectors of Egypt's economy amid the global coronavirus crisis

Business - Economy
5/10/2020 2:54:47 PM

Business - Economy
5/5/2020 4:57:11 PM

Business - Economy
4/22/2020 1:00:00 PM
The new daily limit for withdrawals is EGP 20,000 from ATMs and EGP 50,000 from banks

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