CAIRO (Reuters) -Egypt's central bank kept key interest rates unchanged on Thursday, pausing a trend of rate reductions despite inflation rates easing. The bank’s monetary policy committee held the ...

The Central Bank of Egypt is likely to leave its main overnight interest rates unchanged on Thursday, pausing a trend of rate reductions following a stubborn increase in inflation over the last ...

Egypt's economy likely grew 4.0% in the fiscal year that ended in June, a slight upward revision from the 3.8% forecast in ...

Egypt's central bank has been working to reduce inflation, which has trended downwards from a peak of 38% in September 2023. Annual headline inflation stood at 13.9% in April, just up from 13.6% ...

The overnight deposit rate remains at 24%, the overnight lending rate at 25%, and the rate of the main operation at 24.5% ...

Egypt's central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was set to decelerate sharply in early 2025 it nonetheless remained high.

The Egyptian pound has continued to strengthen modestly against the US dollar, with the official exchange rate falling below ...

HC Securities attributed its projections to Egypt’s macroeconomic developments and the geopolitical conditions ...

Egypt’s central bank governor, Tarek Amer, unpegged the pound from the dollar in November, leading to a sharp devaluation and paving the way for a much-needed $12 billion IMF loan. The exchange rate ...

Last week, the European Central Bank cut interest rates for the second time in three months. The Bank of England held rates steady on Thursday after cutting just once last month.

Egypt's net foreign direct investment inflows rose to $2.7 billion from $2.3 billion over the same period, while tourism revenues rose to $4.8 billion from $4.5 billion.