Latest in Tag: Interest rate Highlight
Latest in Tag: Interest rate
Banks avoid interest rate cuts to maintain depositors
Few banks implement interest rates cuts on savings accounts one week after CBE decision to cut basic interest rate by 1%
Limited response from banks to CBE’s move to lower interest rates
ALCOs of banks operating in Egypt will hold intensive meetings Monday to study effects of CBE decision
NBE, Banque Misr discontinue their 20% interest rate saving certificates
The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …
Lower interest rate, expiry of higher certificates to revive real estate sector in H2 2018
Most cash flow available after expiration will be pumped as investment in sector
Strong expectations to fix pound’s interest rate at Thursday CBE meeting
MPC to hold 8 meetings in 2018 to look into destiny of basic yield prices in CBE
HC Securities expects CBE to keep interest unchanged on Thursday meeting
We expect inflation to return to normal levels starting from September, says Saada
Will inflation force CBE to increase pound interest rate on Thursday?
MPC holds its fifth meeting on Thursday to look into the destiny of basic yield prices in the CBE amid uncertainty about its decision
Banque du Caire raises its interest rates by 1.5-2%
Banque du Caire decided to hike the interest rates offered on its saving vessels, including saving accounts and deposits by rates, between 1.5% and 2%. The bank also decided to introduce new savings vessels with a variable yield linked to the price of the corridor announced by the Central Bank of Egypt (CBE). Mounir El-Zahid, …
Interest rate’s increase temporary, related to IMF loan: Egypt Support Coalition
The government is criticized for its inability to control price hikes
Package of negative implications pending after hiking interest rate
Financing of companies through non-bank financial markets amongst top beneficiaries
Government banks rule out offering new savings certificates with return of 25%
NBE meets at end of the week to determine the fate of its interest rates, Banque du Caire next week, Banque Misr still has no date
Interest rate hike will impose significant fiscal burden: economic experts
HSBC believes that the CBE’s tightening cycle has peaked, Capital Economics forecast a 6% deposit rate fall by end of 2018
Banks consider impact of CBE’s decision to hike interest rates this week
CBE’s decision aims to curb inflation and ease its impacts after moving fuel prices, purchasing power expected to increase, says Negm
Analysts expect CBE to keep interest rate unchanged after Thursday meeting
Seven out of nine analysts and investment banks expect CBE to keep current rates unchanged
Automotive companies expect further decline in sales because of increase in interest rate
70% of customers tend to buy through banks, 30% pays in cash
Flotation, raising interest rate sparked competition between leasing companies: Global Lease
Global Lease current portfolio is approximately EGP 1.4bn, says CEO
Egyptian Business Association set to address the cabinet about problems resulting from 2% rise in interest rate after Eid Al-Fitr
The committee addresses the government to provide the land to the general developer companies, says Fawzy
Waiting in vain for ECB interest rate reversal
CBE’s decision to raise interest rate continues to stir controversy
The decision was great and emphasised the bank’s determination to activate its most important tools in the fight against inflation and not just abiding to the requirements of the IMF, says Abdel-Aal
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Increasing interest rates on loans has no effect on industrial sector on long term, inflation to fall in November: Kabil
The industrial sector is facing lots of obstacles but is capable of continuing
Raise in interest rates “slap” for investment in Egypt: CONSTEC executive director
The profit margins of contracting companies range between 4% and 5%, while banks’ interest rate reaches 20%, says Abdel-Hakam
Interest rate hike aims to help build up international reserves: Arqaam Capital
IMF welcomed the step, saying it aims at the welfare of the Egyptian people and tackling inflation
Investors believe raising interest rate is wrong, expert says it could control the economic situation
The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate by 2%, reaching 17.25%. In addition, the overnight deposit rate, overnight lending rate, and the rate of the Central Bank of Egypt’s (CBE) main operation increased by 2%, reaching 16.75%, 17.75%, and 17.25%, respectively. The step of raising the interest rates was recommended …
Interest rate hike takes toll on Egyptian stocks
EGX 30 falls 2.52% during heavy trading, foreign investors buy
Is an interest rate change on the horizon?
Ambiguity surrounding CBE’s decision on interest rate in Sunday’s meeting
IMF confirms that using interest rate is the right tool to face inflation in Egypt, the market excludes the possibility of increasing the interest rate
Stamp duty and interest rates hindered rising stock market movements
Expectations about targeting the level of 13,200 points this week as part of the sideways movement
Price indicators suggest that inflationary shock is cooling off: Pharos Holding
The second IMF tranche disbursement will represent a confidence booster that would help ease potential pressure on the exchange rate, says Pharos
CBE keeps interest rates unchanged
In its meeting held on 30 March, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep the overnight deposit rate, the overnight lending rate, and the CBE’s main operation rate unchanged at 14.75%, 15.75%, and 15.25% respectively. The discount rate was also kept unchanged at 15.25%.
CBE maintains same interest rate
Having increased the interest rate three times in 2016, the CBE does not plan to raise it further