Tag: Central Bank of Egypt

Raising interest rates shakes markets, disturbs business community

Businesspeople outraged amid expectations that debt payments will increase by EGP 30bn

Mohamed Ayyad Mohamed Ayyad

Ambiguity surrounding CBE’s decision on interest rate in Sunday’s meeting

IMF confirms that using interest rate is the right tool to face…

Hossam Mounir Hossam Mounir

Good performance indexes in banks by end of January: CBE

EGP 67.2bn increase in volume of deposits, EGP 52.8bn in loans

Hossam Mounir Hossam Mounir

Establishment of Financial Inclusion Unit to support, strengthen financial inclusion in Egypt: Bassiouny

Khaled Bassiouny, general director of the Financial Inclusion Unit at the Central…

Hossam Mounir Hossam Mounir

Pressures mount on CBE as IMF calls for interest rate hike to tame inflation

Inflation extends rise in April on higher food prices

Elsayed Solyman Elsayed Solyman

CBE obliges banks to not deal with more than 7 exchange bureaus

Banks and companies granted 4-month transition period to adjust, says Negm

Hossam Mounir Hossam Mounir

Household sector accounts for 75% of deposits at banks in December

It is very normal that individuals' share in deposits is higher than…

Hossam Mounir Hossam Mounir

Egypt’s public debt is reaching critical level

Experts believe there are no other options but to ask for more…

Hisham Salah Hisham Salah

Government has to ease reliance on banks: source

The reliance leads to a vicious cycle, “amid low state revenues,” says…

Hossam Mounir Hossam Mounir

Egypt’s foreign debt jumps by $19.5bn in 2016

Foreign debt reached 37.6% of GDP in December 2016 compared to 13.6%…

Hossam Mounir Hossam Mounir