{"id":563119,"date":"2021-06-20T04:00:20","date_gmt":"2021-06-20T04:00:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/"},"modified":"2021-06-20T04:00:20","modified_gmt":"2021-06-20T04:00:20","slug":"cbe-holds-interest-rates-for-fifth-consecutive-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/","title":{"rendered":"CBE holds interest rates for fifth consecutive meeting"},"content":{"rendered":"

<\/a> The Central Bank of Egypt\u2019s Monetary Policy Committee (MPC) left interest rates <\/strong>unchanged for a fifth consecutive meeting on Thursday<\/strong> as it looks to preempt a possible rise in inflation on the back of spiraling global commodity prices. Overnight deposit and lending rates remain at 8.25% and 9.25% respectively, while the main operation and discount rates were kept unchanged at 8.75%, the bank said in a statement<\/a>(pdf)<\/a> following the meeting.<\/p>\n

The move was forecast by all <\/strong>11 analysts and economists<\/a><\/strong> we polled prior to the meeting, who cited local inflationary pressures driven by rising commodity prices abroad.<\/p>\n

The CBE said the hold is \u201cconsistent with\u201d achieving its inflation target of 7% (\u00b12 )<\/strong> on average by 4Q2022 and price stability in the medium term, the statement read. Egypt's \u201cleading indicators point towards a sustained momentum of recovery across the board,\u201d with global economic conditions \u201cexpected to remain accommodative and supportive of economic activity over the medium term,\u201d the CBE added.<\/p>\n

Domestic inflation accelerated at its fastest rate this year in May<\/strong>, with the annual headline rate rising to 4.8%<\/a> due to a jump in food costs and an unfavorable base effect. This comes after an unexpected decline to 4.1% in April<\/a>, with rates holding steady at 4.5% in March<\/a> from February<\/a>.<\/p>\n

The central bank expects inflation to pick up in the coming months:<\/strong> \u201cInflation readings are expected to continue to be affected by unfavorable base effects in the near term,\u201d the bank said.<\/p>\n

The cause: Surging energy and food prices?<\/strong> Global oil prices recently hit highs not seen<\/a>since October 2018<\/a>, and a persistent combination of tight supply and rising demand is leading a growing number of analysts to forecast USD 100\/bbl oil. Meanwhile, food prices accelerated at their fastest rate in more than a decade<\/a> in May, something to policymakers here pay careful attention given we\u2019re the world\u2019s largest importer of wheat. This comes as droughts in South America<\/a> tighten the global supply of grains including corn and sugar, which will increase the cost of livestock. But farmers from the US to Russia are said to be expecting a good Northern Hemisphere harvest, which could balance out the impact somewhat.<\/p>\n

Let\u2019s not get too carried away, though: Few are forecasting average inflation to rise <\/strong>above the central bank\u2019s target rate<\/strong> \u2014 or even into the upper bound. Capital Economics sees<\/sup> annual inflation peaking at 6% in September, EFG Hermes\u2019 Mohamed Abu Basha sees 5.5-6.0% inflation in December<\/a>, and HC Securities\u2019 Monette Doss has forecast anaverage 6.8%<\/a> through the rest of the year.<\/p>\n

The hold means that Egypt continues to have the world\u2019s highest real interest rate<\/strong> and maintain its position as the most lucrative carry trade for foreign investors \u2014 a core objective of the central bank as it looks to preserve a key source of hard currency. EGP-denominated bonds have risen 5% so far this year, making Egypt the best emerging-market performer after Argentina and South Africa, according to Bloomberg<\/a> Barclays indexes. Total foreign holdings of Egyptian debt stood at between USD 28-29 bn at the end of May<\/a>, a strong recovery after declining during the emerging markets sell-off back in 2020 during the early days of the pandemic.<\/p>\n

Serious inflation kicking off in other emerging markets may force other countries to raise rates<\/strong> and the global trend towards monetary tightening has left the central bank \u201cno room for any cuts for the time being,\u201d Israa Ahmed, an economist at Pharos, told us. Brazil and Russia are now hiking interest rates<\/a> in response to inflation, which has risen to multi-year highs on the back of the global commodities boom.<\/p>\n

And emerging markets are keeping a close eye on developments across the Atlantic: <\/strong>The Federal Reserve\u2019s indication last week that it could move to raise interest rates and scale back<\/a>its stimulus program earlier than expected<\/a> could put pressure on flows into emerging market debt. Higher yields stateside and a stronger greenback are generally negative for emerging markets, which can see an unwinding of carry trade positions and capital outflows.<\/p>\n

Looking ahead:<\/strong> Capital Economics thinks there might be room in 4Q2021 for a rate cut, provided inflation remains below the central bank\u2019s target range, while Abu Basha tells Bloomberg that he isn\u2019t expecting any changes until 2022 given the \u201calarming\u201d risk of inflation and rate hikes in other emerging markets.<\/p>\n

The story is getting attention in the foreign press:<\/strong> Bloomberg<\/a> | Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Egypt\u2019s Monetary Policy Committee (MPC) left interest rates unchanged for a fifth consecutive meeting on Thursday as it looks to preempt a possible rise in inflation on the back of spiraling global commodity prices. Overnight deposit and lending rates remain at 8.25% and 9.25% respectively, while the main operation and discount […]<\/p>\n","protected":false},"author":1,"featured_media":563120,"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":[7206],"tags":[104,72,182,349,724],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-inflation","tag-interest-rates","tag-monetary-policy","wpautop","entry"],"acf":{"mongo_id":"60724e27-ccfe-4819-817b-1bf008c6ac37","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/248.jpg","photo_position":"above","related_issue":[563115],"teaser":"","voice_url":""},"yoast_head":"\nCBE holds interest rates for fifth consecutive meeting - 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\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE holds interest rates for fifth consecutive meeting\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Egypt\u2019s Monetary Policy Committee (MPC) left interest rates unchanged for a fifth consecutive meeting on Thursday as it looks to preempt a possible rise in inflation on the back of spiraling global commodity prices. Overnight deposit and lending rates remain at 8.25% and 9.25% respectively, while the main operation and discount […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-20T04:00:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1\" \/>\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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE holds interest rates for fifth consecutive meeting\",\"datePublished\":\"2021-06-20T04:00:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/\"},\"wordCount\":733,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"inflation\",\"interest rates\",\"monetary policy\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/\",\"name\":\"CBE holds interest rates for fifth consecutive meeting - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-06-20T04:00:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE holds interest rates for fifth consecutive meeting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBE holds interest rates for fifth consecutive meeting - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/","og_locale":"en_US","og_type":"article","og_title":"CBE holds interest rates for fifth consecutive meeting","og_description":"The Central Bank of Egypt\u2019s Monetary Policy Committee (MPC) left interest rates unchanged for a fifth consecutive meeting on Thursday as it looks to preempt a possible rise in inflation on the back of spiraling global commodity prices. Overnight deposit and lending rates remain at 8.25% and 9.25% respectively, while the main operation and discount […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-06-20T04:00:20+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE holds interest rates for fifth consecutive meeting","datePublished":"2021-06-20T04:00:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/"},"wordCount":733,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1","keywords":["economy","EnterpriseAM","inflation","interest rates","monetary policy"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/","name":"CBE holds interest rates for fifth consecutive meeting - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1","datePublished":"2021-06-20T04:00:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/cbe-holds-interest-rates-for-fifth-consecutive-meeting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE holds interest rates for fifth consecutive meeting"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/248.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":620711,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/26\/cbe-leaves-interest-rates-unchanged-in-line-with-expectations\/","url_meta":{"origin":563119,"position":0},"title":"CBE leaves interest rates unchanged in line with expectations","author":"enterpriseam admin","date":"26 May 2024","format":false,"excerpt":"The MPC cited a slowdown in growth rates and cooling inflation","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1967.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":612490,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/","url_meta":{"origin":563119,"position":1},"title":"CBE holds interest rates steady for third consecutive meeting","author":"enterpriseam admin","date":"24 December 2023","format":false,"excerpt":"The central bank expects a further decline in growth during the current fiscal year followed by a gradual recovery","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657902,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/","url_meta":{"origin":563119,"position":2},"title":"Central Bank of Egypt keeps rates unchanged for sixth time in a row","author":"enterpriseam admin","date":"29 December 2024","format":false,"excerpt":"The decision \u201cremains appropriate to maintain a tight monetary stance until a significant and sustained decline in inflation is achieved\u201d","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/828.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633426,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/15\/cbe-to-hold-rates-steady-on-thursday-poll\/","url_meta":{"origin":563119,"position":3},"title":"CBE to hold rates steady on Thursday -Poll","author":"enterpriseam admin","date":"15 July 2024","format":false,"excerpt":"All 13 of the analysts and economists we surveyed see the MPC holding rates steady","rel":"","context":"In "POLL"","block_context":{"text":"POLL","link":"https:\/\/enterpriseam.com\/egypt\/category\/poll\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1086.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655465,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/19\/analysts-unanimously-forecast-that-the-central-bank-of-egypt-will-keep-interest-rates-unchanged-when-it-meets-on-thursday\/","url_meta":{"origin":563119,"position":4},"title":"Analysts unanimously forecast that the Central Bank of Egypt will keep interest rates unchanged when it meets on Thursday","author":"enterpriseam admin","date":"19 November 2024","format":false,"excerpt":"Rising fuel and tobacco prices are set to show in next month\u2019s inflation data","rel":"","context":"In "POLL"","block_context":{"text":"POLL","link":"https:\/\/enterpriseam.com\/egypt\/category\/poll\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/481.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655740,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/24\/central-bank-of-egypt-keeps-rates-stable-for-fifth-time-in-a-row\/","url_meta":{"origin":563119,"position":5},"title":"Central Bank of Egypt keeps rates stable for fifth time in a row","author":"enterpriseam admin","date":"24 November 2024","format":false,"excerpt":"The CBE expects inflation to stabilize through year-end before easing further in 1Q 2025","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2177.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\/563119","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=563119"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563119\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/563120"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563119"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563119"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}