{"id":584039,"date":"2023-03-26T00:00:00","date_gmt":"2023-03-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/"},"modified":"2023-03-26T00:00:00","modified_gmt":"2023-03-26T00:00:00","slug":"cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/","title":{"rendered":"CBE to raise interest rates by at least 200 bps this week -poll"},"content":{"rendered":"

<\/span><\/p>\n

<\/span>The Central Bank of Egypt (CBE) will raise interest rates by at least 200 bps when <\/span>it meets on Thursday<\/span> as it tries to put a lid on soaring inflation amid continued pressure on the EGP, according to a poll of analysts we conducted last week. Six of seven respondents see the central further tightening policy, with three expecting policymakers to raise rates by 200 bps and two penciling in a 300-bps hike. <\/span><\/p>\n

Where we stand: <\/span>The overnight deposit rate is 16.25%, while the <\/span>overnight lending rate is 17.25% and the main operation and disc. rates are at 16.75%. The CBE has raised rates by 800 bps over the past year, including a large <\/span>300-bps increase<\/a><\/span> in December, but in a surprise move opted to <\/span>leave them unchanged<\/a><\/span> at its last meeting in February.<\/span><\/p>\n

Inflationary pressures are to blame: <\/span>\u201cWe expect the Monetary Policy Committee to continue <\/span>tightening policy rates by around 200 bps to tame increasing inflation rates, which we expect to continue rising,\u201d said <\/span>HC Securities banking and macro analyst Heba Monir. Prime Securities Head of Research Amr El Alfy is also expecting a 200 bps hike.<\/span><\/p>\n

Inflation <\/span>surged to a fresh high<\/a><\/span> in February<\/span> on the back of a record increase in food prices. <\/span>The follow-through effects of the EGP devaluation in January caused headline inflation to hit its highest level since July 2017, while core inflation hit a record high.<\/span><\/p>\n

More aggressive tightening could be on the table:<\/span> Economist Mona Bedeir is predicting <\/span>a 200 bps increase but \u201cwouldn't be shocked if the CBE opts for a more aggressive hike and raises its policy rate by 300 bps,\u201d she told us, citing the pressure on the exchange rate and the expected inflation trajectory. Hany Aboul Fotouh, a veteran of CI Capital, Arab Banking Corporation, and HSBC, is also expecting a 200-300 bps hike.<\/span><\/p>\n

Inflation isn\u2019t coming down any time soon: <\/span>HC Securities is expecting inflation to continue to <\/span>increase for the coming months, peaking at almost 36% by July before falling back to 30.3% by the end of the year. Inflation will be driven by <\/span>the recent fuel-price hikes<\/a><\/span>, the devaluation of the EGP, the ongoing poultry shortage, and the expected rise in electricity prices from 1 July, Monir said. HC Securities is expecting inflation to fall to 21.5% in March 2024, while Prime Holding sees it averaging 27% through this year.<\/span><\/p>\n

A lot is contingent on what happens with the government\u2019s privatization program:<\/span> \u201cThe <\/span>upside risk on this estimate is heavily dependent on the magnitude of USD \/ EGP movements,\u201d Bedeir said. \u201dDelays to the IMF-backed reforms, privatization plans, or Gulf investor inflows will put pressure on the currency and inflation.\u201d<\/span><\/p>\n

The CBE\u2019s inflation targets are looking out of reach: <\/span>The CBE is sticking with its current <\/span>inflation target of 7% (\u00b1 2%) through to 4Q 2024, but wants to bring inflation down to 5% (\u00b1 2 percentage points) by 4Q 2026. \u201cEven as inflation slows later in the year, we do not envisage it will fall back within the CBE\u2019s target range of 7% (\u00b1 2%) until mid-2024 at the earliest,\u201d Capital Economics\u2019 James Swanston wrote in a note.<\/span><\/p>\n

One vote for leaving rates unchanged:<\/span> Faisal Islamic Brokerage\u2019s head of research,<\/span> Hesham El Shebeini wa<\/span>s the sole respondent to predict leave rates unchanged. \u201cWe believe that there will not be any further interest rate hikes by the CBE down the road. We believe that an interest rate cut will be in sight within 2024 or so,\u201d he said. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Six of seven analysts see the CBE raising rates by at least 200 bps<\/p>\n","protected":false},"author":1,"featured_media":584040,"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":[7359],"tags":[271,104,72,182,349,7358],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-poll","tag-central-bank-of-egypt","tag-economy","tag-enterpriseam","tag-inflation","tag-interest-rates","tag-poll","wpautop","entry"],"acf":{"mongo_id":"b95d2004-21e9-43a6-a002-cb9dc58d442e","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/423.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Egypt\u2019s central bank will likely increase interest rates this week -poll","related_issue":[584030],"teaser":"Six of seven analysts see the CBE raising rates by at least 200 bps","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.a90eeefb-f5b7-4d00-ac8d-c68549e78182.mp3"},"yoast_head":"\nCBE to raise interest rates by at least 200 bps this week -poll - 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\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE to raise interest rates by at least 200 bps this week -poll\" \/>\n<meta property=\"og:description\" content=\"Six of seven analysts see the CBE raising rates by at least 200 bps\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-26T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE to raise interest rates by at least 200 bps this week -poll\",\"datePublished\":\"2023-03-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/\"},\"wordCount\":573,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"economy\",\"EnterpriseAM\",\"inflation\",\"interest rates\",\"POLL\"],\"articleSection\":[\"POLL\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/\",\"name\":\"CBE to raise interest rates by at least 200 bps this week -poll - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-03-26T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE to raise interest rates by at least 200 bps this week -poll\"}]},{\"@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 to raise interest rates by at least 200 bps this week -poll - 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\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/","og_locale":"en_US","og_type":"article","og_title":"CBE to raise interest rates by at least 200 bps this week -poll","og_description":"Six of seven analysts see the CBE raising rates by at least 200 bps","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-03-26T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE to raise interest rates by at least 200 bps this week -poll","datePublished":"2023-03-26T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/"},"wordCount":573,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1","keywords":["Central Bank of Egypt","economy","EnterpriseAM","inflation","interest rates","POLL"],"articleSection":["POLL"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/","name":"CBE to raise interest rates by at least 200 bps this week -poll - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1","datePublished":"2023-03-26T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/cbe-to-raise-interest-rates-by-at-least-200-bps-this-week-poll\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE to raise interest rates by at least 200 bps this week -poll"}]},{"@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\/2023\/3\/423.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/423.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\/2023\/3\/423.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":586546,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/14\/cbe-to-keep-rates-unchanged-on-slower-april-inflation-poll\/","url_meta":{"origin":584039,"position":0},"title":"CBE to keep rates unchanged on slower April inflation -poll","author":"enterpriseam admin","date":"14 May 2023","format":false,"excerpt":"Seven of nine analysts expect rates to be held 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\/2023\/5\/704.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578144,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/18\/cbe-to-raise-interest-rates-this-week-poll-2\/","url_meta":{"origin":584039,"position":1},"title":"CBE to raise interest rates this week - poll","author":"enterpriseam admin","date":"18 December 2022","format":false,"excerpt":"The Central Bank of Egypt is likely to raise interest rates when it meets on Thursday thanks to rising inflation, according to our interest rate poll. Seven of the nine analysts and economists we surveyed see the Monetary Policy Committee raising rates later this week, with five expecting another huge\u2026","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\/2022\/12\/353.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606531,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/18\/cbe-to-leave-interest-rates-unchanged-in-september-poll\/","url_meta":{"origin":584039,"position":2},"title":"CBE to leave interest rates unchanged in September -poll","author":"enterpriseam admin","date":"18 September 2023","format":false,"excerpt":"All seven analysts surveyed by Enterprise see the CBE holding rates on Thursday","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\/2023\/6\/908.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544742,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/20\/cbe-to-raise-interest-rates-this-week-poll\/","url_meta":{"origin":584039,"position":3},"title":"CBE to raise interest rates this week -poll","author":"enterpriseam admin","date":"20 March 2022","format":false,"excerpt":"The Central Bank of Egypt will likely raise interest rates for the first time in 16 months when it meets this Thursday, a move that the majority of analysts and economists we polled see as significant to curb inflation that has been pushed to a three-year high by the war\u2026","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\/2022\/3\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546299,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/rising-inflation-will-prompt-cbe-to-raise-interest-rates-next-week-for-the-second-consecutive-time-poll\/","url_meta":{"origin":584039,"position":4},"title":"Rising inflation will prompt CBE to raise interest rates next week for the second consecutive time -poll","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"The Central Bank of Egypt (CBE) will likely raise interest rates for the second time since March when it meets next week as inflation continues to accelerate and rising global rates put pressure on portfolio flows. Six of the seven analysts we surveyed this week expect rates to increase next\u2026","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\/2022\/5\/133.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549430,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/cbe-to-hike-rates-in-september-meeting-poll\/","url_meta":{"origin":584039,"position":5},"title":"CBE to hike rates in September meeting -POLL","author":"enterpriseam admin","date":"18 September 2022","format":false,"excerpt":"The Central Bank of Egypt is likely to raise interest rates when it meets on Thursday in a bid to tame inflation and support the local currency, according to our regular interest rate poll. Six of seven analysts and economists we surveyed see the Monetary Policy Committee hiking rates for\u2026","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\/2022\/9\/247.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\/584039","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=584039"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/584039\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/584030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/584040"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=584039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=584039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=584039"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=584039"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=584039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}