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Egypt’s foreign reserves continue to rise in July
Foreign reserves inched up to USD 34.88 bn
CBE makes surprise 100-bps rate hike
Analysts had expected the central bank to keep rates on hold
Blackouts, interest rates and gold ownership get attention on the airwaves
Egyptians bought a record amount of gold in 2Q, according to the World Gold Council
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
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
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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