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New Budget Act is ready for cabinet approval
BUDGET WATCH- New Budget Act ready for cabinet approval: The Finance Ministry has finalized drafting a new Budget Act and…
Against analyst expectations, Central Bank of Egypt keeps rates on hold
CBE leaves rates on hold: The Central Bank of Egypt’s Monetary Policy Committee (MPC) left interest rates unchanged when it…
Egypt’s currency to appreciate to 15.35 / USD by end of 2020 -Societe Generale
The EGP is expected to appreciate 3.7% by the end of the year to trade at EGP 15.35 per USD,…
Analysts split on interest rates ahead of Thursday’s CBE meeting
SURVEY- Analysts split on interest rates ahead of Thursday’s CBE meeting. A poll conducted by Enterprise over the weekend shows…
CBE forms new monetary policy committee
RATE WATCH- Meet your new interest rate overlords: The Central Bank of Egypt (CBE) has formed its new Monetary Policy…
Egypt inflation nearly doubles to 7.1% in December
Inflation nearly doubles m-o-m to 7.1% in December: Annual urban inflation jumped to 7.1% in December, up from 3.6% in…
Egypt’s foreign reserves up in December, foreign holdings of Egyptian treasuries up in November
Egypt’s foreign reserves increased marginally to USD 45.42 bn at the end of December, compared to around USD 45.354 bn…
New central bank board paves way for MPC meeting on 16 January 2020
RATE WATCH- Formation of new central bank board paves the way for monetary policy meeting a week from tomorrow: President…
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