The IMF appreciates the plans of the Central Bank of Egypt in the face of international repercussions

The International Monetary Fund valued the policies and plans of the Central Bank of Egypt in the face of the recent economic repercussions of the global economy, calling for the continuation of plans to confront inflation.. Core inflation in Egypt rose last September by 18% on an annual basis, according to data from the Central … Read more

The President of Banque Misr: There is liquidity in the banks… and Egypt has not failed to pay any deposits

Al-Etrebi said – during a telephone conversation with the “Liberation Hall” program, presented by the media, Azza Mustafa, via the “Sada Al-Balad” channel, this evening (Saturday) that there is liquidity in Egyptian banks, and that Egypt has not failed to pay any deposits or obligations on him and the Central Bank. A guarantor of clients’ … Read more

Why did the Central Bank of Egypt withdraw 100 billion pounds from banks’ reserves?

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" The economics lecturer at the American University in CairoHani Genena, behind the scenes of a decision central bankindicating that there is a so-called interest rate set by the Central Bank on lending and borrowing by banks from each other in the so-called interbank process, and the interest rate on these … Read more

Two days before the decision… Here are the experts’ expectations for the interest rate decision in Egypt

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" Accelerate inflation Annual CPI in cities in Egypt At a higher-than-expected rate of 13.6 percent on an annual basis in July from 13.2 percent in June, and on a monthly basis, the core inflation rate increased 1.3 percent, compared to a decline of 0.1 percent in June. Year-on-year core inflation … Read more

After raising interest rates in Egypt, what is the future of the 18 percent certificates?

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" El-Etreby told the website "Sky News Arabia"that "A savings certificate with a fixed monthly return of 18% is ongoing in Banque Misr, and there is no new decision to issue certificates with a return higher than that after the recent decision of the Central Bank to increase Benefit On deposit … Read more