Egypt holds interest rates
Central bank expects inflation to start falling early next year
The Central Bank of Egypt held its key overnight deposit rate at 27.25% on September 5, as inflation in the country continues to fall gradually.
The monetary policy committee also held all of its other interest rates, which it judged to be sufficiently tight to bring inflation down further.
Annual headline inflation dropped to 25.7% in July from 27.5% in June, while core inflation fell to 24.4% from 26.6%.
The central bank said food inflation had fallen to 29.7% in July – the lowest level in nearly
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
BIS says carry trade unwind is part of broader pattern
Multi-strategy hedge funds drive spillovers across asset classes, analysis finds
‘More and better’ data needed on non-bank sector – FSB’s Schindler
Lack of transparency hinders effective oversight, says secretary-general
BoE’s revised Basel III plans will be ‘welcomed by industry’
Banks will breathe “sigh of relief” over less stringent proposals, say experts
Fed’s vice-chair unveils watered-down capital requirements
Barr proposes reducing rise for largest banks from 19% to 9%
Inflation rises in Egypt
Official figures published after central bank held rates in response to previous decline in inflation
At least 10 banks near bankruptcy – Bangladesh Bank governor
Mansur says authorities are working to save distressed commercial lenders
Finance ‘must account for climate’ – ex-Bangladesh Bank governor
Rahman says GDP ignores country’s vulnerability to environmental degradation
BoE and bond vigilantes ‘not responsible for 2022 gilts crisis’
Ex-bank official rejects former PM’s claims that LDIs were primary cause of yield spike