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Central Bank of Egypt expected to leave rates unchanged today
All analysts we surveyed expect the MPC to hold on raising rates for a third consecutive meeting
Manufacturing is slowing across the world
Factory activity in the eurozone is suffering its deepest contraction since the covid-19 pandemic
Blackout schedules are in effect (well, sort of)
Areas across the country yesterday reported suffering power cuts outside of the government’s new schedule
Net foreign assets deficit widens to most on record in June
Net liabilities in the banking system widened by USD 2.6 bn during the month
CBE to keep rates unchanged on Thursday -poll
All seven analysts expect policymakers to hold rates for a third consecutive meeting
Blackouts and hot weather continue to dominate the conversation on Egypt’s talk shows
Cabinet spokesperson Nader Saad gave an interview to expand on the PM’s presser on Thursday
External debt rises to USD 165.4 bn in 3Q 2022-23
External borrowing rose almost 5% y-o-y during the quarter
CBE suspends tourism financing initiative
The central bank could launch a new scheme with FX conditionality in the next 2-3 months
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