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"inflation"

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Business - Economy
5/19/2022 10:42:00 PM
The Central Bank of Egypt (CBE) raised on Thursday key interest rates by two percent (200 basis points) as the government attempts to deal with the negative economic repercussions of the Russian-Ukrainian war and curb inflationary pressures.

Business - Markets & Companies
5/19/2022 7:18:46 PM
European and Asian markets took a beating Thursday after Wall Street suffered one of its worst batterings in two years over recession fears after decades-high inflation.

Business - 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.

Business - Economy
5/15/2022 2:28:10 PM
Fitch Solutions revised up Egypt’s real GDP growth forecast by 0.1 percent for 2022 to reach 5.6 percent, up from the 5.5 percent it projected in April, according to Fitch Solutions’ MENA Monthly Outlook Report.

Al-Ahram Weekly - Economy
5/15/2022 12:10:00 PM
Experts explain how people with limited savings can weather the repercussions of higher inflation and a weaker pound to Al-Ahram Weekly.

Al-Ahram Weekly - Economy
5/13/2022 5:44:00 PM
With the US Federal Reserve raising interest rates again last week, what will a stronger dollar mean for the pound.

World - International
5/11/2022 1:03:37 PM
After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases.

Business - Economy
5/10/2022 1:18:01 PM
Egypt’s headline annual inflation rate accelerated to 14.9 percent in April, up from the 12.1 percent recorded in March and 4.4 percent in the corresponding month in 2021, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced on Tuesday.

Business - Economy
5/9/2022 6:17:11 PM
Gold prices in the Egyptian market saw a fluctuation on Monday amid the uncertainty cast by an expected rise in the US dollar price and inflation caused by the Russian war in Ukraine, as well as rising food and energy prices.

Egypt - Politics
5/9/2022 5:14:40 PM
Egypt's finance minister Mohamed Maait and planning and economic development minister Hala El-Said presented two statements on the draft budget of FY 2022/23 and the socio-economic development plan to the House of Representatives in a plenary session on Monday.

Business - Economy
5/6/2022 9:43:42 PM
With the US Federal Reserve (Fed) deciding to increase its interest rate by a rare half-percentage-point — the largest increase in two decades — in an effort to reduce burgeoning inflation that is running at a four-decade high, major economic impacts are looming for countries worldwide, especially emerging markets like Egypt.

World - Region
5/5/2022 1:32:05 PM
Turkey's official inflation rate spiralled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil.

Business - Economy
5/4/2022 8:19:49 PM
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday - its most aggressive move since 2000 - and signaling further large rate hikes to come.

World - Region
5/1/2022 5:39:00 PM
Pakistan and Saudi Arabia on Sunday said they would discuss extending the terms of a $3 billion loan to help Islamabad's faltering economy.

World - Region
4/29/2022 2:58:06 PM
Pakistan's newly elected prime minister was visiting Saudi Arabia Friday on his first foreign trip since taking office, an attempt to boost economic relations with the wealthy, oil-rich kingdom as Pakistan struggles with huge debt, soaring inflation and a worsening energy crisis.

World - Region
4/29/2022 1:11:57 PM
Turkish President Recep Tayyip Erdogan has met with Saudi Arabia's crown prince to "develop" relations in his first visit since the 2018 killing of journalist Jamal Khashoggi drove a wedge between the Sunni powers.

World - International
4/29/2022 12:51:26 PM
Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of COVID-19.

Business - Economy
4/19/2022 8:16:45 PM
The Russia-Ukraine conflict is having economic repercussions on Egypt including rising financial needs, an elevated rate of inflation, and limited fiscal space, the assistant director of monetary and capital markets at the International Monetary Fund (IMF) Ranjit Singh told Ahram Online.

Business - Economy
4/19/2022 3:12:15 PM
The International Monetary Fund (IMF) has revised its projections for Egypt's real GDP growth in 2022 by 0.3 percent to reach 5.9 percent, up from 5.6 percent expected in January, before slowing down to 5 percent in 2023, the Fund announced on Tuesday.

Business - Economy
4/15/2022 7:55:43 PM
Marie Pangestu, World Bank managing director for development policy and partnerships, spoke to Al-Ahram on the major crises all countries face at present from a sharp slowdown in the global economy and high inflation expected to continue in 2023.

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