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Homeinterest rates

interest rates

Egypt Latest News

CBE Hikes Key Interest Rates against Economists’ Expectations

May 22, 2017 Ahmed Rashed

Egypt’s central bank raised its key interest rates by 200 basis points, citing stronger economic growth and falling unemployment, confounding the expectations of economists who forecast rates were unlikely to change, reported Reuters. At a [ More … ]

Egypt Latest News

IMF Team in Egypt Fueled Speculation over Raising Interest Rates Again

May 1, 2017 Ahmed Rashed

An International Monetary Fund team started its first review of Egypt’s $12 billion loan accord, with the debate on how best to curb inflation likely to take centre stage, according to Amwal al-Ghad, an Egyptian [ More … ]

Egypt Latest News

CBE Governor: Egypt Is to Witness Further Currency Devaluation

July 4, 2016 Ahmed Rashed

The Central Bank of Egypt’s Governor Tarek Amer considered the focus on defending the Egyptian pound over the past five years was a “grave mistake,” signaling the possibility of another devaluation after he weakened the [ More … ]

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