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Hawks at the Fed? Egypt shouldn’t sweat it.
The EGP will hold up better than most other emerging-market currencies in the event of tightening at the Federal Reserve,…
CBE holds interest rates for fifth consecutive meeting
The Central Bank of Egypt’s Monetary Policy Committee (MPC) left interest rates unchanged for a fifth consecutive meeting on Thursday…
Interest rate day amid swings in commodities prices
Some good news on the global commodities boom as the CBE decides interest rates: As the central bank’s Monetary Policy…
TONIGHT: We’re waiting on Egypt's draft budget. + More from G7 summit. ALSO: Eastern Company isn’t selling securitized bonds.
Good afternoon friends, and welcome to the start of another busy work week. Between the G7 meetings and the heads…
Annual headline inflation rises to 4.8%, but slowed m-o-m in May
Inflation inched up in May, thanks to a spike in food prices, an unfavorable base effect, and skyrocketing global commodities.…
TONIGHT: Egypt’s annual headline inflation reaches 4.8% in May + Kenya, Uganda and Tanzania seek USD 16 bn for post-covid recovery. ALSO: ECB to set monetary policy today.
It’s a busy news day to wrap up the week, ladies and gents. We have a mix of major macro…
Post-covid business climate isn’t getting any better, but firms remain hopeful -business barometer index
The business climate in Egypt worsened for the second consecutive quarter as the emergence of new covid-19 variants globally led…
World Bank sees Egypt economy growing 4.5% in 2021-2022, down a bit from earlier projection
The World Bank has downgraded its growth projections for the Egyptian economy in the coming fiscal year, citing “sluggish” activity…
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