{"id":595537,"date":"2019-09-30T04:13:12","date_gmt":"2019-09-30T04:13:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/egp-egx-rally-after-cbe-rate-cut\/"},"modified":"2019-09-30T04:13:12","modified_gmt":"2019-09-30T04:13:12","slug":"egp-egx-rally-after-cbe-rate-cut","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/egp-egx-rally-after-cbe-rate-cut\/","title":{"rendered":"EGP, EGX rally after CBE rate cut"},"content":{"rendered":"

The EGP flexed its muscles against the USD yesterday<\/b>, rallying on the first market day after the central bank cut key interest rates by another 100 bps in last week\u2019s<\/a> MPC meeting (watch, runtime: 02:22<\/a>). The EGP strengthened to 16.31 against the greenback on Sunday compared to 16.38 on Thursday.<\/p>\n

The EGX30 picked up where it left off last week<\/b>, rising 3.3% during the session and reversing some of the losses it made during a sell-off last week that saw it drop 11% following protests the week before. We have more on both these stories in our Speed Round, below.<\/p>\n

President Abdel Fattah El Sisi urged the government yesterday to complete the Grand Egyptian Museum<\/b> by the agreed time and in accordance with international standards, Al Hayah Al Youm\u2019s Lobna Assal highlighted (watch, runtime: 01:28<\/a>). The museum is scheduled to open in 4Q2020<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGP flexed its muscles against the USD yesterday, rallying on the first market day after the central bank cut key interest rates by another 100 bps in last week\u2019s MPC meeting (watch, runtime: 02:22). The EGP strengthened to 16.31 against the greenback on Sunday compared to 16.38 on Thursday. The EGX30 picked up where […]<\/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":[9281],"tags":[687,504,102,7419,1419,68,854,2379,72,395,349,724],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595537","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-ancient-egypt","tag-archaeology","tag-capital-markets","tag-culture","tag-egp","tag-egx","tag-egyptology","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","tag-grand-egyptian-museum","tag-interest-rates","tag-monetary-policy","wpautop","entry"],"acf":{"mongo_id":"1c2e9c87-4b95-4a6d-91fb-1a572e6a5c9f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595533],"teaser":"","voice_url":""},"yoast_head":"\nEGP, EGX rally after CBE rate cut - 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\/2019\/09\/30\/egp-egx-rally-after-cbe-rate-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP, EGX rally after CBE rate cut\" \/>\n<meta property=\"og:description\" content=\"The EGP flexed its muscles against the USD yesterday, rallying on the first market day after the central bank cut key interest rates by another 100 bps in last week\u2019s MPC meeting (watch, runtime: 02:22). The EGP strengthened to 16.31 against the greenback on Sunday compared to 16.38 on Thursday. 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