Tag: CBE

CBE explains its reasoning for raising interest rates by 2%

MPC decided that raising policy rates is necessary to contain inflationary pressures,…

Hossam Mounir

CBE’s interest rate hike to slowdown industrial investments

This is because it hikes the cost of lending by proxy, and…

Daily News Egypt

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

Fatma Salah

CBE to discuss interest rates, EGP’s value on Thursday amid strong expectations of hike

The current interest rates are 9.25% for deposit, 10.25% for lending, and…

Hossam Mounir

CBE will not hesitate to take measures it deems necessary to curb inflation: CBE Governor

The governor added that negotiations with the IMF are going well

Hossam Mounir

Annual urban inflation increased to 13.1% in April, highest rate since May 2019

The increase in urban inflation is attributed to strong monthly dynamics in…

Hossam Mounir

Egypt receives $23.6bn in remittances within 9 months: CBE

Remittances record $3.3bn in only March 2022

Daily News Egypt

CBE replaces state employees’ payroll slips with Meeza cards

The project helps expand the use of digital banking services and supports…

Hossam Mounir

CBE to issue bid for local treasury bills denominated in USD, worth $1bn

The proceeds of this bid will be directed to pay the maturity…

Hossam Mounir