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 … ]
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 … ]
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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