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Our FX reserves inched up in October
An additional USD 132 mn was added to our FX stockpiles
Central Bank of Egypt holds interest rates steady
This was the last policy meeting before the presidential election in December, after which the CBE is expected to devalue…
Your Commute is getting pricier + CBE hold rates + US one of 14 countries who objected to a ceasefire during the last UN General Assembly
Good morning friends, and welcome to the weekend. We have a busy issue lined up for you with updates on…
CBE expected to hold interest rates when it meets later today.
Six of nine analysts surveyed by Enterprise expect the CBE to leave rates unchanged
CBE gets c. USD 1 bn from Chinese Development Bank
The loan will help finance projects agreed upon in the Belt and Road Forum
Our net foreign assets position deteriorated in September
The country’s net foreign assets positions approached record highs in September
Analysts split on Egypt interest rate path ahead of central bank meeting
Analysts pointed to rate hikes losing their ability as a policy tool to calm inflation as a reason behind their…
CBE loosens credit card restrictions for users abroad
The rule change comes following significant volatility in the parallel currency market that saw the EGP fall to a record…
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