{"id":612490,"date":"2023-12-24T00:00:00","date_gmt":"2023-12-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/"},"modified":"2023-12-24T00:00:00","modified_gmt":"2023-12-24T00:00:00","slug":"cbe-holds-interest-rates-steady-for-third-consecutive-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/","title":{"rendered":"CBE holds interest rates steady for third consecutive meeting"},"content":{"rendered":"

The Central Bank of Egypt (CBE) left interest rates unchanged <\/strong>at its last policy meeting of the year on Thursday. The Monetary Policy Committee (MPC) cited a slowdown in global growth, easing inflation at home, and a decline in energy prices, it said in a statement (pdf)<\/a>. This comes as pundits anticipate a float or devaluation<\/a> now that President Abdel Fattah El Sisi has secured his third term in office.<\/p>\n

As they currently stand:<\/strong> The overnight deposit rate stands at 19.25%, the overnight lending rate at 20.25%, and the main operation and disc. rates at 19.75%.<\/p>\n

Further slowdown in growth ahead: <\/strong>The CBE sees growth further decelerating in the fiscal year 2023-2024 before gradually picking up due to the \u201cnegative spillovers emanating from geopolitical tensions in the region, especially on the services sector.\u201d Growth slowed to 2.9% in 2Q 2023 from 3.9% in the previous quarter, while annual growth decelerated to 3.8% in FY 2022-2023 from 6.7% the year prior, the statement reads.<\/p>\n

And inflation has eased:<\/strong> Annual headline inflation eased for the second consecutive month in November to 34.6%<\/a> \u2014 down from 35.8% in October<\/a> \u2014 hitting its lowest level in six months on the back of slowing food price increases and a favorable base effect. Inflation is expected to further decline to 34.4% in December, securities banking and macro analyst Heba Monir told us last week.<\/p>\n

The CBE\u2019s move was expected:<\/strong> Seven of the nine analysts we surveyed<\/a> last week predicted that the MPC would hold rates steady thanks to the slowdown in inflation and the US Federal Reserve\u2019s decision to leave rates unchanged<\/a> earlier this month. The other two saw the bank hiking rates between 50-300 bps to contain inflation. <\/p>\n

Third time in a row:<\/strong> The central bank held interest rates steady during its past two meetings in November<\/a> and September<\/a>. Rates have risen 1.1k bps since March 2022, with the bank last hiking rates in August<\/a>.<\/p>\n

Keeping its powder dry:<\/strong> Analysts expect the central bank to go for a fourth devaluation since March 2022 sometime in the coming weeks \u2014 a move that is traditionally accompanied by a substantial rate hike. Flexibility in our FX regime is a key condition of our USD 3 bn IMF loan and will be key if we do want to unlock a larger package<\/a>.<\/p>\n

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

The central bank expects a further decline in growth during the current fiscal year followed by a gradual recovery<\/p>\n","protected":false},"author":1,"featured_media":612491,"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":[271,104,72,349,724],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-central-bank-of-egypt","tag-economy","tag-enterpriseam","tag-interest-rates","tag-monetary-policy","wpautop","entry"],"acf":{"mongo_id":"7665fdfe-0f8e-4796-a855-aac59a3aa1ef","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1521.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Central Bank of Egypt holds interest rates steady ahead of widely expected devaluation of the EGP","related_issue":[612483],"teaser":"The central bank expects a further decline in growth during the current fiscal year followed by a gradual recovery","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.9cb34704-7e73-49a5-9d14-ce549478f240.mp3"},"yoast_head":"\nCBE holds interest rates steady for third 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\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-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 steady for third consecutive meeting\" \/>\n<meta property=\"og:description\" content=\"The central bank expects a further decline in growth during the current fiscal year followed by a gradual recovery\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE holds interest rates steady for third consecutive meeting\",\"datePublished\":\"2023-12-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/\"},\"wordCount\":388,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"economy\",\"EnterpriseAM\",\"interest rates\",\"monetary policy\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/\",\"name\":\"CBE holds interest rates steady for third consecutive meeting - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-12-24T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE holds interest rates steady for third 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 steady for third 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\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/","og_locale":"en_US","og_type":"article","og_title":"CBE holds interest rates steady for third consecutive meeting","og_description":"The central bank expects a further decline in growth during the current fiscal year followed by a gradual recovery","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-12-24T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE holds interest rates steady for third consecutive meeting","datePublished":"2023-12-24T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/"},"wordCount":388,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1","keywords":["Central Bank of Egypt","economy","EnterpriseAM","interest rates","monetary policy"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/","name":"CBE holds interest rates steady for third consecutive meeting - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1","datePublished":"2023-12-24T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/cbe-holds-interest-rates-steady-for-third-consecutive-meeting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE holds interest rates steady for third 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\/2023\/12\/1521.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1521.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\/12\/1521.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"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":612490,"position":0},"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":620711,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/26\/cbe-leaves-interest-rates-unchanged-in-line-with-expectations\/","url_meta":{"origin":612490,"position":1},"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":642633,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/cbe-leaves-interest-rates-on-hold-2\/","url_meta":{"origin":612490,"position":2},"title":"CBE leaves interest rates on hold","author":"enterpriseam admin","date":"20 August 2017","format":false,"excerpt":"The central bank\u2019s Monetary Policy Committee left interest rates on Thursday. The overnight deposit rate was held steady at 18.75% while the overnight lending rate was kept the same at 19.75%. Annual urban headline inflation rate increased to 33% in July on account of numerous subsidy cuts and a slight\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":609398,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/05\/central-bank-of-egypt-holds-interest-rates-steady-2\/","url_meta":{"origin":612490,"position":3},"title":"Central Bank of Egypt holds interest rates steady","author":"enterpriseam admin","date":"5 November 2023","format":false,"excerpt":"This was the last policy meeting before the presidential election in December, after which the CBE is expected to devalue the currency for a fourth time","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\/9\/1388.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633768,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/21\/egypts-central-bank-keeps-interest-rates-steady-as-inflation-continues-to-cool\/","url_meta":{"origin":612490,"position":4},"title":"Egypt's central bank keeps interest rates steady as inflation continues to cool","author":"enterpriseam admin","date":"21 July 2024","format":false,"excerpt":"The MPC noted cooling inflationary pressures as part of its decision","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\/7\/1526.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606898,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/24\/central-bank-of-egypt-holds-interest-rates-steady\/","url_meta":{"origin":612490,"position":5},"title":"Central Bank of Egypt holds interest rates steady","author":"enterpriseam admin","date":"24 September 2023","format":false,"excerpt":"The central bank will continue to assess the impact of previous rate hikes, it said following Thursday's meeting","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\/9\/1388.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\/612490","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=612490"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612490\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/612483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/612491"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=612490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=612490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=612490"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=612490"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=612490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}