inflation

Egypt's central bank cuts interest rates by 50 basis point

Thu, 12 Nov 2020 - 05:57 GMT

The discount rate was also cut by 50 basis points to 8.75 percent.

Egypt’s annual inflation records 4.6% in October, rises 2.3% monthly

Tue, 10 Nov 2020 - 08:43 GMT

On a monthly basis, inflation recorded 109.9 points in October 2020, marking an increase of 2.3 percent compared to September 2020,

Planning min.: Annual inflation rate hits lowest level in 14 years

Thu, 08 Oct 2020 - 10:14 GMT

The unemployment rate plunged by 7.7 percent from January to March 2020, she said, noting that the flow of foreign direct investments rose by 19 percent from July to December 2019.

Egypt repaid $35 billion in debt despite coronavirus crisis: Central Bank governor

Thu, 10 Sep 2020 - 10:30 GMT

Egypt managed to repay $35 billion in debt despite the economic repercussion of the coronavirus crisis, and provided 5 million jobs over the past five years, said governor of the Central Bank of Egypt (CBE).

Egypt has world's highest interest rates as inflation slows down: Bloomberg

Tue, 11 Aug 2020 - 03:16 GMT

The American news agency stated that consumer prices in urban parts of Egypt grew at the slowest annual pace since November as the global pandemic weighed on demand and food costs declined.

Egypt’s annual inflation records 4.6% in July, rises 0.2% monthly

Mon, 10 Aug 2020 - 10:27 GMT

On a monthly basis, inflation recorded 107.8 points in July 2020, marking an increase of 0.2 percent compared to June 2020.

Egypt’s annual inflation drops to the lowest level in 14 years

Sat, 25 Jul 2020 - 12:35 GMT

The cabinet attributed the decline of inflation to the decrease in food prices.

Egypt’s annual inflation records 6% in June, dips 0.1% monthly

Thu, 09 Jul 2020 - 09:42 GMT

On a monthly basis, inflation recorded 107.5 points in June 2020, marking decrease of 0.1 percent compared to May 2020.

Egypt's core inflation rise to 4.7% in May: CBE

Wed, 10 Jun 2020 - 12:57 GMT

Core inflation discounts or strips out certain categories that are considered more volatile.

Egypt’s annual inflation records 5% in May, rises 0.1% monthly

Wed, 10 Jun 2020 - 12:46 GMT

On a monthly basis, inflation recorded 107.7 points in May 2020, marking an increase of 0.1 percent compared to April 2020.

Egypt’s annual inflation records 5.9% in April, rises 1.6% monthly

Sun, 10 May 2020 - 01:04 GMT

At the urban level, the annual inflation rate for April 2020 rose to 5.9 percent, up from 5.1 percent in March.

Egypt’s annual inflation dips to 4.9 % in Feb., stabilize monthly

Tue, 10 Mar 2020 - 11:22 GMT

In Jan. 2020, Egypt's annual inflation reached 6.8 percent.

Shuaa Securities expects unchanged rates during February

Thu, 13 Feb 2020 - 03:04 GMT

However, the report expected a 200-basis point cut before the end of 2020.

Deutsche Bank expects Egypt’s economy to continue improvement

Wed, 12 Feb 2020 - 01:56 GMT

Egypt’s growth rate is expected to reach 5.8 percent and 5.9 percent in 2020 and 2021, respectively, up from 5.6 percent in fiscal year 2018/2019, Deutsche Bank expected.

Egypt’s annual inflation hits 6.8% in January: CAPMAS

Mon, 10 Feb 2020 - 12:35 GMT

Inflation remains within the Central Bank of Egypt’s (CBE) target range of 9 percent, plus or minus 3 percentage points.

Egypt’s annual inflation hits 2.7% in November: CAPMAS

Tue, 10 Dec 2019 - 01:11 GMT

On a monthly basis, inflation decreased 0.5 percent in November, recording 104.6 points, compared to 1 percent in October.

CAPMAS: Annual inflation rate drops 2.4% in October

Sat, 09 Nov 2019 - 09:35 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the annual inflation rate dropped by 2.4 percent in October.

How will inflation decline affect economy?

Mon, 14 Oct 2019 - 03:41 GMT

Shafei clarified in a statement that the rate of inflation in urban areas fell to 4.8 percent to the lowest level since November 2012.

After inflation’s decline, will CBE cut rates in November?

Mon, 14 Oct 2019 - 10:01 GMT

Registering a fourth consecutive monthly decline, Egypt’s inflation rates opened speculation once again in September about the expectations of possible interest rate decisions during November.

After inflation’s decline, will CBE cut rates in November?

Sun, 13 Oct 2019 - 01:44 GMT

Registering a fourth consecutive monthly decline, Egypt’s inflation rates opened speculation once again in September about the expectations of possible interest rate decisions during November.

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