{"id":650419,"date":"2017-03-23T04:12:44","date_gmt":"2017-03-23T04:12:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/"},"modified":"2017-03-23T04:12:44","modified_gmt":"2017-03-23T04:12:44","slug":"over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/","title":{"rendered":"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation"},"content":{"rendered":"

<\/a>Over-borrowing from the CBE is the real culprit behind the massive spike in<\/strong>inflation: <\/strong>Egypt\u2019s inflation is symptomatic of a larger problem, that the CBE has been playing loose with the money supply, writes Patrick Werr for The National<\/a>. He says that since 2011, cash-strapped governments have been forced to resort to extraordinary means to finance budget deficits, as it was constrained by internal politics to raise taxes and cut subsidies. Cue the CBE, which presided over an \u201cexceptionally swift growth in the money supply.\u201d Broad money supply, M2, grew by 22% year-on-year in November (excluding the effect of the EGP float that month). The growth rate in the years immediately before 2011 was hovering at about 10%. Werr blames this increase for the massive spike in inflation, which reached 30% in February, when the EGP float came in November. \u201cThe IMF projects that the government will increase its borrowings outstanding from the CBE to EGP 668 bn this fiscal year, up from only EGP 176 bn in FY2011-12,\u201d he said. While both the CBE governor and Finance Minister promised the IMF to limit borrowing from the CBE to a minimum, Werr warns that the pressures resulting from the reform agenda could see the government not follow through on that pledge.<\/p>\n","protected":false},"excerpt":{"rendered":"

Over-borrowing from the CBE is the real culprit behind the massive spike ininflation: Egypt\u2019s inflation is symptomatic of a larger problem, that the CBE has been playing loose with the money supply, writes Patrick Werr for The National. He says that since 2011, cash-strapped governments have been forced to resort to extraordinary means to finance […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650419","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d8d6b167-9686-41fb-babe-58322e9f004c","order":"0","is_powered_by":true,"section_story_id":"12f1b14c-7bd6-4aea-9efe-cf2b704bfc07","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650409],"teaser":"","voice_url":""},"yoast_head":"\nOver-borrowing from the CBE is the real culprit behind the massive spike in inflation - 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\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation\" \/>\n<meta property=\"og:description\" content=\"Over-borrowing from the CBE is the real culprit behind the massive spike ininflation: Egypt\u2019s inflation is symptomatic of a larger problem, that the CBE has been playing loose with the money supply, writes Patrick Werr for The National. He says that since 2011, cash-strapped governments have been forced to resort to extraordinary means to finance […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-23T04:12:44+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\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation\",\"datePublished\":\"2017-03-23T04:12:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/\"},\"wordCount\":220,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/\",\"name\":\"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-23T04:12:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation\"}]},{\"@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":"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation - 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\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/","og_locale":"en_US","og_type":"article","og_title":"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation","og_description":"Over-borrowing from the CBE is the real culprit behind the massive spike ininflation: Egypt\u2019s inflation is symptomatic of a larger problem, that the CBE has been playing loose with the money supply, writes Patrick Werr for The National. He says that since 2011, cash-strapped governments have been forced to resort to extraordinary means to finance […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-03-23T04:12:44+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation","datePublished":"2017-03-23T04:12:44+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/"},"wordCount":220,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/","name":"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-03-23T04:12:44+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/over-borrowing-from-the-cbe-is-the-real-culprit-behind-the-massive-spike-in-inflation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Over-borrowing from the CBE is the real culprit behind the massive spike in inflation"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":648019,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/raising-rates-was-the-right-decision-werr\/","url_meta":{"origin":650419,"position":0},"title":"Raising rates was the right decision -Werr","author":"enterpriseam admin","date":"25 May 2017","format":false,"excerpt":"Raising interest rates was \u201cabsolutely the right decision, and it was long overdue,\u201d Patrick Werr writes in The National. He says inflation before the price shock that followed the EGP flotation was already high, placing the blame on the \u201crapid expansion of the money supply over the past few years.\u201d\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":575238,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/falling-inflation-could-lead-to-a-delicate-balancing-act-on-interest-rates\/","url_meta":{"origin":650419,"position":1},"title":"Falling inflation could lead to a delicate balancing act on interest rates","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"A delicate balancing act on interest rates: A too-sharp decline in Egypt\u2019s September inflation figures could result in \u201cconsultations\u201d with the IMF, which would likely recommend more interest rate cuts, Patrick Werr writes for Reuters. The consultations would be triggered under the USD 5.2 bn stand-by facility Egypt agreed with\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\/2020\/10\/72.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634912,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/economist-expect-interest-rates-to-drop-by-500-bps-in-2018\/","url_meta":{"origin":650419,"position":2},"title":"Economist expect interest rates to drop by 500 bps in 2018","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"Economist expect interest rates to drop by 500 bps in 2018: Economist interviewed by Al Mal see the central bank adopting a very cautious and tight monetary policy this year, with most seeing interest rates falling by up to 500 bps in 2018. The consensus appears to be that while\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":634915,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/government-housing-could-be-beyond-means-of-most-egyptians-werr\/","url_meta":{"origin":650419,"position":3},"title":"Government housing could be beyond means of most Egyptians -Werr","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"Are government housing projects beyond the means of most Egyptians? New houses being built by the government are \u201care priced way beyond the means of most Egyptians and a good share of them will remain unsold,\u201d analysts tell Patrick Werr. It is not clear how easily the country will be\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":652295,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/the-egp-will-bounce-govt-needs-to-make-terms-of-imf-package-public\/","url_meta":{"origin":650419,"position":4},"title":"The EGP will bounce, gov\u2019t needs to make terms of IMF package public","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"The EGP will inevitably regain strength, but the government needs to win credibility first, Patrick Werr writes in The National. He believes that the central bank might have been \u201cquietly telling bankers in recent days not to let the currency weaken further\u201d and cross the \u201cpsychological barrier\u201d of EGP 20\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":628980,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/cbe-keeps-interest-rates-on-hold-at-thursday-meeting\/","url_meta":{"origin":650419,"position":5},"title":"CBE keeps interest rates on hold at Thursday meeting","author":"enterpriseam admin","date":"20 May 2018","format":false,"excerpt":"The Central Bank of Egypt left key interest rates unchanged when it met on Thursday, according to a CBE statement (pdf). Overnight deposit and lending rates remain at 16.75% and 17.75%, respectively, with the discount rate also unchanged at 17.25%. The MPC said it still sees Egypt hitting its inflation\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\/2018\/5\/2126.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\/650419","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=650419"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650419\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/650409"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=650419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=650419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=650419"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=650419"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=650419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}