Latest in Tag: interest rates Highlight
Latest in Tag: interest rates
Central Bank of Egypt keeps interest rates unchanged
Central Bank of Egypt decides to increase banks’ required reserve ratio to 18% from 14%
Non-banking financial sector in shock due to high interest rates
EFG Hermes working to improve its profit margins, hopes to improve economic conditions: Al-Ahly Pharos
Anticipation prevails across money market; all await decision on interest rates
EGX30 is expected to rebound to 10,200 points
Anticipation prevails across money market; all await decision on interest rates
EGX30 is expected to rebound to 10,200 points
Rise of interest rates will not affect property prices: Real Estate Investment Division
Prices of construction materials such as steel, decline significantly during last period, says Daker Abdellah
CBE explains its reasoning for raising interest rates by 2%
MPC decided that raising policy rates is necessary to contain inflationary pressures, which is consistent with achieving price stability over the medium term
Egypt raising interest rates to curb inflation comes as surprise: Bloomberg
The CBE decided to implement the largest raise in interest rates in nearly half a decade
How will the capital market respond to the CBE’s decision to raise interest rates?
The global interest rate hike caused a shock in the financial markets
Egypt expected to raise interest rates after US Fed decision
CBE awaits inflation data to determine extent of increase
CBE to decide fate of local interest rates heading into 2021-end
Monetary Policy Committee expected to keep base rates unchanged for ninth time in row
CBE expected to keep interest rates on hold for eighth time in a row
The MPC periodic meeting comes amid strong market expectations that it will keep Egypt’s interest rates unchanged for the eighth time in a row, despite the rise in the inflation rate in the recent period, and there are expectations of a further rise in the coming period.
Egypt’s interest rates expected to remain unchanged for 6th consecutive Central Bank meeting
Inflation trends in coming months will see increase but within CBE’s new target of 7% (±2%)
CBE to review interest rates amid strong expectations of no change
Bank maintains, on 18 March, its basic interest rates for third consecutive time at 8.25% for deposit, 9.25% for lending
Egypt Post to launch savings products with varying interest rates
All services provided by Egypt Post are expected to be available on its Yala mobile application
Central Bank of Egypt to review interest rates for 1st time in 2021 on Thursday
In its last meeting for 2020, Bank decided to maintain deposit and lending rates at 8.25% and 9.25%, respectively
NBE, Banque Misr cut monthly return on savings certificates by 1%
Both banks cancel savings certificates with quarterly return
Egypt’s central bank leaves interest rates on hold
Central Bank of Egypt new inflation target has been set at 7% (±2%) on average in the fourth quarter of 2022
Banks in Egypt discuss fate of interest rates following CBE’s cut
Yield of some savings certificates, loan products automatically decreases by 0.5%, while market awaits launch of first bids for T-bills, bonds
Egypt’s market interest rates slightly decline despite CBE’s 0.5% cut
Returns on debt instruments also see minor decreases
CBE expected to hold interest rates during next MPC meeting
Market anticipates CBE announcement, on Monday, regarding inflation in July 2020
CBE’s Monetary Policy Committee convenes to decide on interest rates
Maintaining local currency attractive amid economic uncertainty due to Covid-19 crisis suggests keeping rates unchanged
As inflation slows, interest rates to be maintained: Beltone
The highest growing category annually remains education, showing a 28.5% y-o-y rise, followed by recreation and culture, as well as transportation, growing at 14.3 % and 13.4% y-o-y in March, respectively
CBE keeps interest rates on hold amid coronavirus outbreak
CBE said that the COVID-19 outbreak, as well as the associated containment measures, induce a considerable disruption to economic activity and financial markets globally
CBE to discuss fate of interest rates in MPC’s Thursday meeting
The CBE said this step comes in light of global developments and the consequent movement to preserve the Egyptian economy’s gains since the launch of the national economic reform programme. It is also to preserve the proactive steps the CBE takes in exceptional circumstances.
Pharos expects CBE to keep interest rates unchanged in next MPC meeting
MPC will consider market conditions, impact of emergency rate cut, inflation trend at Thursday meeting
Geopolitical events cast shadow over expectations of pound’s interest, reserve, inflation
I expect a rate cut from 2% to 3%, exchange rate to EGP 14-15: Abdel Aal
Keeping interest rates on hold unlikely to strengthen EGP: Standard Chartered
Another 200bps of rate cuts in FY 2020
CBE postpones MPC meeting to 16 January to decide on interest rates
After four interest cuts since the beginning of 2019, analysts and bankers have different expectations of MPC’s decision
Strong expectations that CBE’s basic interest rates will be cut by 50 to 150 basis points
MPC ecided at its meeting on 22 August 2019 to reduce the interest rate by 150 basis points for overnight lending, overnight deposit, and CBE’s main operation, to settle at 14.25%, 15.25%, and 14.75% respectively.
Egypt’s business community awaits more interest rates’ cuts to boost investment
Monetary easing cycle to create jobs, positively reflect on middle class, say experts