interest rates
Central Bank raises rates to curb inflation, support pound
Business
March 22, 2013
Central Bank raises rates to curb inflation, support pound
The Central Bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but…
Central bank official: Foreign reserves may hit US$21.2 bn
Business
August 21, 2012
Central bank official: Foreign reserves may hit US$21.2 bn
An official at the Central Bank of Egypt told a state-run paper that he predicted the country's foreign reserve…
Central Bank leaves interest rates steady
Business
February 2, 2012
Central Bank leaves interest rates steady
The Central Bank left its benchmark overnight deposit and lending rates unchanged on Thursday, contrary to the forecasts of some…
Egypt’s stock market up on 2012 optimism, Central Bank cancels auctions
Business
January 2, 2012
Egypt’s stock market up on 2012 optimism, Central Bank cancels auctions
Optimism for the year ahead lifted Egypt's stock market on Monday and Egypt's benchmark index rose 1.6 percent as Egypt's…
Egypt inflation rises to 9.1 percent in November
Business
December 10, 2011
Egypt inflation rises to 9.1 percent in November
Egypt’s inflation accelerated on rising food prices in November to reach an annual rate of 9.1 from 7.1 percent in…
Egypt keeps central bank governor for third term
Business
November 26, 2011
Egypt keeps central bank governor for third term
Egypt's ruling military council has decided to keep Central Bank governor Farouk al-Okdah in office for a third four-year term,…
Banks increase interest rates to attract deposits
Business
November 6, 2011
Banks increase interest rates to attract deposits
Egyptian public and private banks are competing to raise the interest rates of certain services, which some experts consider an…
Urban inflation eases to 11.8%
Business
June 9, 2011
Urban inflation eases to 11.8%
Urban consumer inflation in Egypt unexpectedly eased to 11.87 percent in the 12 months to May as food prices fell…
Experts expect interest rates to remain steady, inflation to rise
Business
June 5, 2011
Experts expect interest rates to remain steady, inflation to rise
Economic experts expect the Central Bank of Egypt (CBE) to keep interest rates at their current levels to encourage investment…
Egypt’s central bank leaves interest rates steady
Business
April 28, 2011
Egypt’s central bank leaves interest rates steady
Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without…