{"id":544819,"date":"2022-03-22T03:45:29","date_gmt":"2022-03-22T03:45:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/"},"modified":"2022-03-22T03:45:29","modified_gmt":"2022-03-22T03:45:29","slug":"central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/","title":{"rendered":"Central bank\u2019s rate hike, devaluation and the impact of war on our wheat supply are all preoccupying the international press this morning"},"content":{"rendered":"<p><strong>Leading the conversation on Egypt in the foreign press:<\/strong> The Central Bank of Egypt\u2019s decision to raise interest rates by 100 bps. The bold move is broadly being welcomed by investors and is seen by analysts as part of the fiscal and monetary response required to address the repercussions of the Russia-Ukraine war. <a href=\"https:\/\/www.reuters.com\/world\/africa\/egyptian-pound-drops-10-after-ukraine-war-prompts-dollar-flight-2022-03-21\/\">Reuters<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-21\/egypt-central-bank-raises-benchmark-rate-in-surprise-meeting?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>, and the <a href=\"https:\/\/www.ft.com\/content\/4fe601c9-25e2-48e5-a668-d4fcb34d3afc#post-8a8e986a-942d-4e9f-aa24-e8c0977046a3\">Financial Times<\/a> all had coverage.<\/p>\n<p><strong>The foreign press is also fixated on the war\u2019s impact on our wheat supply: <\/strong><a href=\"https:\/\/www.ft.com\/content\/b76d3414-4f11-4e46-9271-9309c06237df\">The<\/a><a href=\"https:\/\/www.ft.com\/content\/b76d3414-4f11-4e46-9271-9309c06237df\">Financial Times<\/a> is out with a piece on Egypt\u2019s moves to secure wheat supplies amid shortages caused by the Russia-Ukraine war, and the still-uncertain fate of the bread subsidies program, on which the government is still weighing a decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading the conversation on Egypt in the foreign press: The Central Bank of Egypt\u2019s decision to raise interest rates by 100 bps. The bold move is broadly being welcomed by investors and is seen by analysts as part of the fiscal and monetary response required to address the repercussions of the Russia-Ukraine war. Reuters, Bloomberg, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[72,1095,98,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544819","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-enterpriseam","tag-russia-ukraine-war","tag-subsidies","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"6ba615d7-7e27-4f78-bafc-5195b9643901","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544801],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Central bank\u2019s rate hike, devaluation and the impact of war on our wheat supply are all preoccupying the international press this morning - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central bank\u2019s rate hike, devaluation and the impact of war on our wheat supply are all preoccupying the international press this morning\" \/>\n<meta property=\"og:description\" content=\"Leading the conversation on Egypt in the foreign press: The Central Bank of Egypt\u2019s decision to raise interest rates by 100 bps. The bold move is broadly being welcomed by investors and is seen by analysts as part of the fiscal and monetary response required to address the repercussions of the Russia-Ukraine war. Reuters, Bloomberg, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-22T03:45:29+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central bank\u2019s rate hike, devaluation and the impact of war on our wheat supply are all preoccupying the international press this morning\",\"datePublished\":\"2022-03-22T03:45:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Russia-Ukraine war\",\"subsidies\",\"wheat\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/22\/central-banks-rate-hike-devaluation-and-the-impact-of-war-on-our-wheat-supply-are-all-preoccupying-the-international-press-this-morning\/\",\"name\":\"Central bank\u2019s rate hike, devaluation and the impact of war on our wheat supply are all preoccupying the international press this morning - 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Reuters has a feature looking at everyday Egyptians affected by rising bread prices, and The Conversation delves into the policy options available for Egypt to mitigate the crisis. Meanwhile the Wall Street Journal quotes\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543949,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/fresh-wheat-tender-on-monday-after-war-breaks-out-between-top-suppliers-russia-ukraine\/","url_meta":{"origin":544819,"position":2},"title":"Fresh wheat tender on Monday after war breaks out between top suppliers Russia + Ukraine","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"State grain buyer issues fresh wheat tender as war in Ukraine threatens supply: State grain buyer GASC will look to buy 55-60k tonnes of wheat in an international tender tomorrow, according to the authority\u2019s website.The bid comes days after GASC called off a wheat tender due to a lack of\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/368.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544643,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/the-commodity-price-shock-is-still-front-and-center-in-the-foreign-press\/","url_meta":{"origin":544819,"position":3},"title":"The commodity price shock is still front and center in the foreign press","author":"enterpriseam admin","date":"14 March 2022","format":false,"excerpt":"The commodity price shock and its effect on Egypt\u2019s food supply is still dominating coverage in the foreign press: The Wall Street Journal, the Financial Times and Bloomberg all mention Egypt in their latest updates on how the Russia-Ukraine conflict is upending the global food supply.","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544451,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/03\/egypt-in-the-news-more-war-less-wheat\/","url_meta":{"origin":544819,"position":4},"title":"Egypt in the News: More war, less wheat","author":"enterpriseam admin","date":"3 March 2022","format":false,"excerpt":"The international press is taking note of the link between rising wheat prices here at home and the war in Ukraine this morning. Bloomberg explores what the rising price of grain imports on the back of stalled Black Sea supplies could mean for the government\u2019s upcoming overhaul of the bread\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544982,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/our-wheat-imports-could-hit-a-nine-year-low-because-of-russia-ukraine\/","url_meta":{"origin":544819,"position":5},"title":"Our wheat imports could hit a nine-year low because of Russia + Ukraine","author":"enterpriseam admin","date":"30 March 2022","format":false,"excerpt":"Egypt\u2019s wheat imports in marketing year (MY) 2022-2023 are expected to drop to their lowest in nine years as the Russia-Ukraine war cuts two of our biggest suppliers off from the export market, the US Foreign Agricultural Service (FAS) said in a report (pdf). Wheat imports are expected to drop\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/699.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544819"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544819\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544801"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544819"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544819"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}