Tag: Central Bank of Egypt

CBE cuts interest rates by 1% in line of expectations

This is the second interest cut in a row following the 150…

Daily News Egypt Daily News Egypt

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…

Hossam Mounir Hossam Mounir

Madbouly, Amer inaugurate 43rd session of Council of Arab Central Banks Governors, Arab Monetary Associations on Sunday

Meetings discuss latest economic, financial, monetary developments, banking supervision, financial stability, inclusiveness,…

Hossam Mounir Hossam Mounir

Banks issued over 31m e-payment cards in Egypt by end-2018: CBE

Largest ten banks in Egypt hold more than 81% of credit and…

Hossam Mounir Hossam Mounir

Egypt repaid $25bn of debt in two years: CBE

The CBE said in a recent report that these debts include $21bn…

Daily News Egypt Daily News Egypt

Limited interest rate cuts at banks’ on first business day following CBE decision

Yield on T-bills on Sunday's auction dropped by 0.75-1.5%

Hossam Mounir Hossam Mounir

Banks to start intensive meetings Sunday to discuss implications of interest rate cuts

Government welcomes decision, investment banks forecast further cuts by end-2019, depositors are…

Hossam Mounir Hossam Mounir

CBE interest rates cut to positively impact businesses, EGX, banks to readjust

Experts forecasts further cut before end-2019, debt instruments remain attractive

Hossam Mounir Hossam Mounir

37 local and foreign investors bid to invest €780.1m in Egyptian T-bills: CBE

CBE set accepted yield minimum at 1.4%, maximum at 1.5%, average at…

Hossam Mounir Hossam Mounir

CBE to resume its monetary easing cycle in 4Q2019: Fitch Solutions

Future interest rate cuts to ease government's debt service burden, say economic…

Hagar Omran Hagar Omran