inflation
CBE withdraws LE100 billion of liquidity for 6th time in a month
Business
September 21, 2022
CBE withdraws LE100 billion of liquidity for 6th time in a month
Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
It now costs more than $300,000 to raise a child, thanks to inflation
Life & Style
August 30, 2022
It now costs more than $300,000 to raise a child, thanks to inflation
New York (CNN) – Soaring inflation has made almost everything more expensive. And it has significantly increased the cost of…
Senior economist expects IMF loan to Egypt to be approved soon
Business
August 26, 2022
Senior economist expects IMF loan to Egypt to be approved soon
Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…
UK inflation exceeds 10% as bread and milk prices soar
World
August 21, 2022
UK inflation exceeds 10% as bread and milk prices soar
(CNN Business) – Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the…
CBE decision to fix interest rate contradicts expectations: expert
Business
August 19, 2022
CBE decision to fix interest rate contradicts expectations: expert
The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international…
Argentina hikes interest rates to 69.5% as inflation hits 20-year high
World
August 13, 2022
Argentina hikes interest rates to 69.5% as inflation hits 20-year high
Buenos Aires – Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country…
Rail strikes and labor shortages are hurting UK economy
World
June 21, 2022
Rail strikes and labor shortages are hurting UK economy
London (CNN Business)The United Kingdom has a jobs problem. There just aren’t enough workers to keep its economy moving forward, and many employees…
World has to work together to tackle inflation, energy crisis – Biden
World
June 19, 2022
World has to work together to tackle inflation, energy crisis – Biden
US President Joe Biden said Friday the whole world must work together to tackle inflation and mitigate the fallout of…
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
Business
June 19, 2022
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
Pakistanis told to drink less tea as nation grapples with economic crisis
World
June 15, 2022
Pakistanis told to drink less tea as nation grapples with economic crisis
(CNN)Pakistanis have been urged to drink less tea to keep the economy afloat, as the world’s largest tea importer grapples…