Latest in Tag: inflation Highlight
Latest in Tag: inflation
5% GDP growth, 10% budget deficit, 10% inflation by FY 2016/2017: World Bank
Uncertainty still surrounds the financing of mega-projects, World Bank said
31% decline in food products imports: Ministry of Finance
Ministries of Finance and Supply take steps to prepare for Ramadan
Annual inflation in Egypt rises to 13.5% in May: CAPMAS
Vegetable prices rose by 7.7%, meat and poultry by 2.7%, and fruits by 0.8%, says CAPMAS statement
Annual inflation increases by 11% in April
Food and beverage prices rose by about 1.4% over last April, reaching 190.8 points compared to 188.2 points in March
CBE maintains key interest rates
The CBE also kept the discount rate unchanged at 9.25%.
Annual inflation jumps to 11.8% in March
CAPMAS attributed the rise to increase in food commodities’ and beverage products’ prices by 9.3%
Annual inflation declines to 9.7% in January
Low international oil prices prompt CBE to cut interest rates in January
Central Bank of Egypt cuts key CBE rates by 50 basis points
CBE explained that it has reduced its overnight deposit rate, overnight lending rate and the rate of CBE’s main operation to 8.75%, 9.75% and 9.25% respectively.
Egypt’s inflation jumps to 9.8% in December
Prices of food and beverage products increased by 8.4%
Urban inflation declines to 8.5% in November
Consumer price index (CPI) falls by 1.7%
Inflation rate rose by 0.7% in October
Higher energy prices may be driving inflation, says former IMF assistant
YoY inflation registers 11.4% in August, highest since January: CAPMAS
Prices of hospital services hike by 8.6%, according to the statistics agency
CBE interest rates remain unchanged
Early Monday, the Central Bank of Egypt adjusted July’s inflation rate, increasing it from 10.61% to 11.04%
Inflation sees biggest monthly surge since 2008
Increased demand on commodities and fuel prices behind the 3.3% month on month rise in inflation, CAPMAS says
Talks on applying VAT ongoing: Finance ministry
Egyptian government struggles to increase its revenue through reforming tax system and keeping deficit under control
National Bank of Egypt, Banque du Caire, and Banque Misr increase returns on savings certificates
A number of government banks raise returns on savings certificates to attract liquidity, fight inflation, and increase individual returns
Returns on treasury bills rise, negative impact on economic growth expected
Prices jumped 1% for returns on treasury bills in the hours after central bank raised the interest rates by same amount
Economists forecast inflation jump in July following fuel price hikes
CBE can control inflation rates through increasing interest rates orVice Chairman of Egyptian Association for Financing and Investment Studies
Surge in fuel prices threatens food commodities
Fuel prices to reflect on food commodities, says head of Citizens Against Price Rises Association
Supply ministry welcomes Ramadan with discount commodities
Exhibition for food at reduced prices to start Wednesday at the Cairo International Fair Grounds in Nasr City, the ministry says
Government to halt import of products with local equivalent
Decision in line with ministry of industry’s earlier announcement it is preparing a law obliging governmental authorities to buy local products instead of imported ones
Annual inflation drops while foreign reserves rise
Revenue consistency prompts rise of foreign reserves for fourth consecutive month and the government’s negotiations with merchants lead to prices control, experts say
Annual Inflation rate hits 10.2% in March
Exchange rate depreciation, money expansion, supply shortages, recurrent wage increases are attributed to wave of increasing inflation, says IMF’s Toward New Horizons report
Cabinet to kick off food and commodities discounts
Discounts are meant to counterbalance increasing inflation rates, cabinet says
Inflation rate eases to 10.2% in February: CAPMAS
Monthly inflation fell to 1% in February
CBE keeps interest rates unchanged
Central Bank of Egypt says it has kept current rates unchanged due to inflation and GDP outlooks
Inflation rises to 12.2% in January: CAPMAS
After a short-lived decline in December, January rates show a surge on both annual and monthly basis
Inflation rises to 12.2% in January: CAPMAS
After a short-lived decline in December, January rates show a surge on both annual and monthly basis
S&P cuts outlook on Turkey ratings citing erosion in governance
The credit ratings agency cut its outlook to negative on its unsolicited ‘BB+’ long-term foreign currency and ‘BBB’ long-term local currency ratings.
IMF sees slightly stronger global growth
The fund increased its estimate for world growth this year slightly to 3.7%, after 3.0% in 2013, while warning that the rebound of the world economy is still “weak and uneven”.