{"id":642527,"date":"2017-08-16T04:03:13","date_gmt":"2017-08-16T04:03:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/"},"modified":"2017-08-16T04:03:13","modified_gmt":"2017-08-16T04:03:13","slug":"what-were-tracking-this-week-140","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/","title":{"rendered":"What we\u2019re tracking this week"},"content":{"rendered":"

Economists polled by Reuters<\/strong><\/a> believe that the central bank is likely to leave interest rates <\/strong>unchanged<\/strong> when its monetary policy committee meets on Thursday. \"High interest rates are acting to dissuade the private sector from investing and, therefore, economic growth will not be optimised, as few new jobs are, so far, being created,\" said Pharos Holding<\/strong> COO Angus Blair. EFG Hermes<\/strong>, meanwhile, believes that interest rates should drop fall 200 bps by December, said EFG Hermes head of research Ahmed Shams. The investment bank had lowered Egypt\u2019s GDP growth projections for FY2017-18 by 10 bps to 3.7% on account of the interest rate hikes earlier this year, he said in an interview with Al Shorouk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Economists polled by Reuters believe that the central bank is likely to leave interest rates unchanged when its monetary policy committee meets on Thursday. \"High interest rates are acting to dissuade the private sector from investing and, therefore, economic growth will not be optimised, as few new jobs are, so far, being created,\" said Pharos […]<\/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":[9490],"tags":[72,9489],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642527","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-this-week","tag-enterpriseam","tag-what-were-tracking-this-week","wpautop","entry"],"acf":{"mongo_id":"7f7887ed-71ac-4b95-9d38-285ddb3bff4f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642521],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking this week - 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\/2017\/08\/16\/what-were-tracking-this-week-140\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking this week\" \/>\n<meta property=\"og:description\" content=\"Economists polled by Reuters believe that the central bank is likely to leave interest rates unchanged when its monetary policy committee meets on Thursday. "High interest rates are acting to dissuade the private sector from investing and, therefore, economic growth will not be optimised, as few new jobs are, so far, being created," said Pharos […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-16T04:03:13+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\/2017\/08\/16\/what-were-tracking-this-week-140\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking this week\",\"datePublished\":\"2017-08-16T04:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"What We\u2019re Tracking This Week\"],\"articleSection\":[\"What We\u2019re Tracking This Week\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/what-were-tracking-this-week-140\/\",\"name\":\"What we\u2019re tracking this week - 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The investment bank says foreign purchases of Egyptian treasury bills will see an \u201ceffective\u201d decline in the event the CBE reduces interest rates, EFG\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631314,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/what-were-tracking-on-15-march-2018\/","url_meta":{"origin":642527,"position":1},"title":"What we\u2019re tracking on 15 March 2018","author":"enterpriseam admin","date":"15 March 2018","format":false,"excerpt":"As we near the central bank\u2019s Monetary Policy Committee meeting a week from today, research houses are guiding their clients to expect an interest rate cut. The sentiment comes on the back of annual urban inflation falling to 14.4% in February from 17.1% in January, inching ever closer to the\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644800,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/what-were-tracking-this-week-149\/","url_meta":{"origin":642527,"position":2},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"4 July 2017","format":false,"excerpt":"Nine out of 10 economists polled by Reuters believe that it is unlikely that the Central Bank Monetary Policy Committee will move to raise interest rates at its meeting this Thursday, despite anticipating a rise in inflation over the coming months as a result of last Thursday\u2019s fuel hikes. \"We\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641606,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/what-were-tracking-this-week-133\/","url_meta":{"origin":642527,"position":3},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"27 September 2017","format":false,"excerpt":"The central bank\u2019s Monetary Policy committee is expected to keep interest rates unchanged when it meets tomorrow, Reuters suggests. Ten out of 12 economists polled by the newswire said the CBE would keep the deposit rate at 18.75% and the lending rate at 19.75% as post-float inflationary pressures continue to\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651497,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/14\/what-were-tracking-this-week-207\/","url_meta":{"origin":642527,"position":4},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"14 February 2017","format":false,"excerpt":"The Central Bank of Egypt\u2019s Monetary Policy Committee to leave interest rates unchanged when it meets on Thursday, a Reuters poll suggests. Nine out of 13 economists polled forecast the bank will hold overnight deposit rates at 14.75% and overnight lending rates at 15.75%. \"Higher interest rates will not help\u2026","rel":"","context":"In "What We\u2019re Tracking This Week"","block_context":{"text":"What We\u2019re Tracking This Week","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-this-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632513,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/13\/what-were-tracking-this-week-60\/","url_meta":{"origin":642527,"position":5},"title":"What we\u2019re tracking this week","author":"enterpriseam admin","date":"13 February 2018","format":false,"excerpt":"It\u2019s interest rate week as the CBE\u2019s Monetary Policy Committee meets on Thursday to set interest rates. 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