Latest in Tag: rates Highlight
Latest in Tag: rates
CBE expected to keep interest rates on hold Thursday
NBE, Banque Misr decision to halt 15% certificates and reduction of NIB A and B certificate returns unlikely to affect MPC decision
Private banks wait on public banks to make first move to raise interest rates
Return on treasury bills for 3, 9 months increased after CBE lifted interest rate
CBE fixes prices of basic yield
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday evening to fix the prices of basic yield at CBE, according to its statement
Royal Maxim Palace to cross 50% occupancy rate by 2016: Hotel’s GM
At a rate of EGP 3,000 per night per room, the luxurious hotel targets businessmen and the local leisure market
CBE keeps ratings unchanged
Overnight deposit rate, overnight lending rate, main operations’ rate stand at 8.75%, 9.75% and 9.25%, respectively, bank said
Hotels to offer 20% discounts during mid-year holiday to attract Egyptians
Hotels hope to attract Egyptians to raise occupancies and make up for the current decline in foreign flow
Upgrading Egypt’s economic outlook stimulus for investments, growth rate
Since the 25 January Revolution, Egypt’s economic outlook was downgraded several times by international credit rating agencies. The downgrades came about due to violence and political instability, which took a massive toll on investments and foreign reserves. In the wake of calls for protests on 30 June, Egypt’s economy saw a credit ratings cut on 21 …
CBE keeps interest rates unchanged
Central Bank of Egypt says it has kept current rates unchanged due to inflation and GDP outlooks
CBE leaves key overnight rates on hold
Reuters – Egypt’s central bank kept its official interest rates on hold as expected at a monetary policy committee meeting on Thursday, as the government tries to stimulate the economy while keeping inflation in check. Egypt’s economy has been battered by three years of political instability since a popular uprising ousted autocrat Hosni Mubarak in 2011, causing tourists and …
Central Bank of Egypt cuts key interest rates
Reuters – Egypt’s central bank cut its key interest rates by 50 basis points in a surprise move at a monetary policy meeting on Thursday. At its last meeting on 31 October, the central bank kept its rates on hold in an effort to balance inflation pressures while the government attempts to stimulate the economy. It had …
CAPMAS: Tourism up by 8.3 percent
The Central Agency for Public Mobilisation and Statistics (CAPMAS) released yesterday the latest figures on tourism during July showing an 8.3 percent increase in the number of tourists from around the globe from the same month last year. According to the latest CAPMAS tourism figures, up to one million tourists visited Egypt during July, compared …