Latest in Tag: inflation Highlight
Latest in Tag: inflation
Inflation rates down 1.3% in December: CAPMAS
Inflation rates slow down for the first time since May 2013
Food prices lead Turkish inflation higher in December
Turkey has an official 5% inflation target and a most recent central bank forecast of 6.8% for 2013.
Urban consumer inflation hits 13% in November
Year on year urban consumer inflation rate hits highest levels since 2010
Annual inflation reached 11.15% in October: CAPMAS
The urban consumer inflation rate rose to 10.4% in October
Interest rates remain fixed as inflation rises: analysts
Central Bank decision to maintain interest rate was expected by analysts in order to curb inflation and save the deposits of family sector in banks
Inflation rises by 1.7% in September
Government continues to fight the constant inflation rates increases
Inflation rates continue climb in August
Increases in inflation rates from January to August 2013 totaled 9.4% compared to the same period during the previous year.
Central Bank of Egypt sells $1.3bn in its first exceptional auction
CBE set to hold an exceptional dollar auction of $1.3bn on Wednesday for banks in attempt to cover clien’’s outstanding import needs
Second consecutive year of recession: World Bank
The World Bank has assessed Egypt’s economic growth in the second quarter of the 2012/2013 fiscal year prior to interim prime minister Hazem El-Beblawi assuming office
Brazil to spend $55bn to defend sagging real
The Brazilian currency, which has been at its lowest level against the dollar in four years, closed at 2.35 to the greenback Friday, up 3.2% from Thursday’s close.
Inflation climbs to 10.3 % in July
Annual inflation increases to 10.28% in July compared to 9.75% in June
Government plans urgent measures to curb inflation
Ministerial economic group to take measures to combat rising prices of consumer goods and food
Central bank reduces its interest rates by 50 basis points
According to a statement on the bank’s website, the discount and repurchasing rates and deposit operations are now lowered to 9.75%.
Finance minister directs Gulf aid to foreign reserves and state budget
Expert: Value of aid is “economically misleading” and unlikely to raise the foreign reserve level
Gulf aid bolsters Egyptian pound against the US dollar
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Moody’s: Gulf aid is “credit positive”
Qatar, meanwhile, had granted Egypt $2.5bn in loan last January, and extended a further $3bn in May by agreeing to buy Egyptian bonds at 3.5% interest.
Annual inflation soars to 9.8% in June
Financial experts predict inflation levels to further accelerate in the coming months if political instability persists
Shoppers, food outlets stock up on food ahead of 30 June protests
Suppliers push forward their closing sales dates to supermarkets as consumers load up on rice, bread and other essentials
Experts predict higher inflation rates amid unchanged interest rates
Rising summertime prices and devaluing currency drive ongoing inflation
Egypt, IMF in final stages of verifying economic programme
Loan delayed by inconsistent implementation of subsidy cuts and tax hikes
Inflation rate reaches 8.2% in May: CAPMAS
Workers in the retail sector say prices for most products have increased significantly in recent months, due to increases in the price of the US dollar.
IMF expects Egypt economy to slow next fiscal year
The report predicted that annual inflation rates would increase by the end of this year to 10.8%, compared to 8.4% in the previous fiscal year
Inflation hikes to 8.1% in April on currency slide
Egypt’s Central Bank decided to keep overnight deposit and lending rates unchanged at 9.75% and 10.75%, respectfully
IMF: Inflation in Egypt expected to rise by 10.9% this year
The International Monetary Fund also projects the country’s budget deficit to shrink to 8.7% in 2014
Egypt and the IMF: Are we asking the right questions?
By Iris Boutros The focus of Egypt’s progress to secure the pending $4.8bn loan from the International Monetary Fund (IMF) has been on the size, timing, and conditions of the loan. Many have speculated on the impact of protracted negotiations, the economy, the currency, investment, price inflation and subsidy cuts. These questions are critical, but …
EFG Hermes: Sudden decreases in inflation throughout March an exception, not the rule
Financial group says current levels ‘unsustainable’
Consumer inflation rate rises
Poorest consumers feel commodity price increases most painfully
Egypt’s Central Bank pumps $600m into Egyptian market in 30 minutes
Move intended to curb inflation
Workers in Damietta protest rising prices
Governor reassures workers amid protests against rising prices of raw materials
Inflation increased 0.8% in March
Rural inflation rate surpasses that of urban areas