Latest in Highlight
Latest in
Egypt’s inflation worries start to decline: Renaissance Capital
EGP fair value to estimate at EGP 18 per dollar in February 2020, EGP 20 in July 2021
Inflation to average 12.8% in CY 2019, 10.5% in CY 2020: FocusEconomics
GDP to expand to 5.2% in FY 2019, overnight deposit rate to reach 15.42% by end of CY 2019
Egypt’s economic outlook remains positive, backed by tourism, natural gas: Credit Suisse
Weak FDI, reliance on hot money, inflation still challenging
CBE’s sets inflation target at 9% on average during Q4 of 2020
Core inflation slipped to 7.9% in November from 8.9% in October 2018, listing lowest rate since February 2016
Beltone forecasts inflation of 17.8%, stable EGP
Services sector will continue to outperform in FY 2018/19, rise in tourism revenues to $11.1bn
Indosuez Wealth Management expects Egypt’s inflation to slightly slow down by beginning of 2019
Egypt has targeted an inflation rate of 13% for its fiscal year’s (FY) 2018/19 budget
Capital Economics expects Egypt’s inflation levels to decline over coming months
CBE likely to keep interest rates unchanged at its upcoming meeting, says economic research advisor
Fruits, vegetables, poultry push headline inflation down to 15.6% November end: CAPMAS
Monthly inflation records -07% against 2.6% in October
Inflation includes Brent crude price rising to $76.7: CBE
Government aims to curb overall budget deficit to 8.4% of GDP in FY 2018/19
Egypt’s 2019/20 budget targets 6.5% GDP growth, 10.9% inflation
Plan requires increasing investment to about 25%, reducing unemployment gradually to 8%, through providing 900,000 jobs per year: Moeit
Op-ed review: Economic challenges pressuring Egyptians, calls on government role
Egypt’s writers looked at economy in Sunday op-eds
Egypt’s annual inflation increases to 17.5% in October: CAPMAS
Month’s annual inflation witnessed large decline y-o-y, down from 31.8% in October 2017
CPI increased 2.6% month-overmonth in September: CAPMAS
State’s annual core inflation rate fell to 8.6% in September, from 8.8% in August, says CBE
Turkey’s annual inflation jumps to 24.5% in September
Central bank of Turkey decided to increase interest rate to 24%, in line with inflation hike, decline of local currency
External shocks, inflation pose dilemma for policymakers in emerging markets: IMF
Commitment to improving central banks’ credibility very important, say report’s authors
Egypt’s annual inflation rate dropped to 13.6% y-o-y in August, down from 33.2%
The Central Agency for Public Mobilisation and Statistics (CAPMAS) stated on Thursday that Egypt’s annual inflation rate dropped to 13.6% year-over-year down from 33.2% in August, 2017. The consumer price index increased by 1.7% month-over-month, recording 294.9 points last month, according to the CAPMAS. Notably, inflation dropped in July compared to June, registering at 13.8%, affected by decisions …
Turkish central bank to act on record inflation
2.5% increase in inflation rate in July: CAPMAS
The inflation rate stood at 289.9 points in July, at a 2.5% rise compared to June, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Thursday. CAPMAS said the annual inflation rate stood at 13% in July compared to 34.2% in the same month in 2017. CAPMAS attributed the rise in inflation …
Fund project growth to reach 6%, unemployment rate, inflation to fall to 7%: IMF’s senior resident representative to Egypt
Strong private sector essential for job creation, this requires improving business environment, governance, transparency, access to finance, accountability of public institutions
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Inflation rises to 14.4% in June in line with expectations
Egypt’s annual inflation rate rose significantly in June to 14.4%, increasing from 11.4% in May, the Central Bank of Egypt (CBE) announced on Tuesday. The increase was due to a rise in food prices by 10% compared to an increase of 8.6% in May, in addition to the 55% hike in transportation sector on the …
HC Securities expects deceleration of annual inflation, MPC to keep interest rates unchanged
Recent decision to hike fuel costs was by market, despite not announcing rates, timing, says Saada
Egypt’s consumer sector to fully recover by early 2019 as inflationary pressures ease
Market indicators suggest there was broad-based market slowdown in 2017
Beltone forecasts inflation rise of 3-5% in Q3 2018
Company expects fuel prices to rise by 35-45% in July, CBE to keep interest rate unchanged
Egypt, Germany sign €1.6bn development deal
Germany-provided financial support for state budget records €225m at beginning of this year, says ambassador
Falling inflation allows another interest cut: Beltone Financial
Despite rising interest rates in emerging markets, Egypt’s strong outlook, exchange rate stability justify continued opportunity to invest in fixed income instruments
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Strong expectations for new cut in pound interest on Thursday
MPC trimmed key interest rates by 2% since beginning of 2018 after inflation eased
1.5% increase in inflation rate in April: CAPMAS
The Central Agency for Public Mobilisation and Statistics (CAPMAS) announced in its monthly bulletin that the inflation rate in Egypt increased by 1.5% in April compared to March, reaching 273.9 points. According to the CAPMAS’s monthly bulletin, the annual inflation rate in Egypt amounted to 12.9% last month, compared to 32.9% in April 2017. The …
Egypt’s economic outlook improves backed by PMI improvement, inflation decline, Zohr gas field: FocusEconomics
Egypt’s economy appears to be in good shape approaching the end of this fiscal year (FY), backed by improvements in non-oil private sector business conditions in the purchasing managers index (PMI), upward trend of foreign reserves, decline in inflation rates, and doubling the Zohr gas field’s output capacity, according to FocusEconomics’ Consensus Forecast Middle East …
Egypt’s inflation rates in numbers
Maximum inflation rate will reach 13% by end-2018, inflation will witness large decrease by end-2019, says CBE governor Monthly headline inflation registered negative 0.1% and negative 0.2% in January 2018 and December 2017 respectively, while annual headline and core inflation declined for the sixth consecutive month to record, respectively, 17.1% and 14.4% in January 2018, …
Tetra Pak aims to boost Egypt sales in 2018 following inflation conditions improvement
Company has about 30 customers, including Juhayna, Faragallah, Domty