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Money supply 101. PLUS: The implications of fluctuations in money supply on Egypt
Egypt’s money supply (M2) increased 24.6% y-o-y to EGP 8.2 tn in June 2023
Monetary policy in the US and EU is going to start diverging
The ECB is expected to continue raising interest rates in response to stubbornly high inflation
Auto sales remain low in July
Fewer than 5k passenger cars were sold during July
Egypt aims to raise USD 5 bn from privatization by June 2024
It expects to raise the money by selling seven assets to private investors
Risks for emerging markets grow as central banks diverge
Markets will get nervous if Fed goes higher than expected, says the IMF’s chief economist
El Sisi announces fresh measures to support manufacturing activity + Russian, Chinese manufacturers to invest in new plants in Egypt
Industrial projects in priority sectors will get a five-year exemption from most taxes
Inflation still too high + more rate hikes could be needed -Fed chair
Fed chair Powell strikes cautious tone during speech at the Kansas City Federal Reserve Bank's annual Economic Policy Symposium in…
Last Night’s Talk Shows: Egypt’s joining Brics + parties announce their support for Sisi’s candidacy for a new term
Egypt’s acceptance into the Brics bloc dominated last night's talk shows.
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