Tag: inflation
Egypt’s central bank hikes key interest rates by 200 bps
The interest rate increase is the first this year after the central bank kept its monetary policy unchanged in February
Egypt’s inflation accelerates to 21.3% as currency rout deepens
Egypt’s annual urban consumer inflation accelerated to 21.3% year-on-year in December, the fastest in almost five years, as the North African country struggle with...
Egypt’s central bank hikes key interest rates by 300 bps
Egypt hiked overnight interest rates by a more-than-expected 300 basis points (bps) on Thursday, the most since 2016, as part of the authorities’ broader...
Egypt’s headline inflation jumps to five-year high in November
Egypt’s annual urban consumer inflation soared to a five-year high of 18.7% in November, data from state-run statistics agency CAPMAS showed Thursday, as the...
Egypt’s inflation accelerates to 16.2% in October on soaring food costs
The latest data from Egypt’s CAPMAS showed that annual urban inflation accelerated to a four-year high of 16.2% in October and economists expect it...
Egypt’s headline inflation quickens to 1.6% in September
Egypt’s annual urban consumer inflation accelerated to 1.6% year-on-year in September, the fastest in almost four years signaling that consumers in the North African...
Suez Canal to increase transit tolls for ships by 15% in 2023
Egypt’s Suez Canal Authority (SCA) will increase transit tolls for ships passing through one of the world’s most vital trade routes by 15% from...
Egypt’s net foreign reserves drop slightly amid IMF talks
Egypt’s net foreign reserves dropped slightly in August, the central bank said Thursday, as the North African country strives to secure International Monetary Fund...
Central Bank of Egypt keeps key interest rates unchanged, names acting governor
The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, a day after Governor Tarek Amer stepped down just over a...
Egypt business conditions contracts further in July. Here’s why
Business conditions in Egypt contracted further in July, albeit at a slower pace than the previous month’s two-year low, due to a decrease in...