The Central Bank of Egypt (CBE) is expected to hike its overnight interest rates by 150 basis points on Thursday as it keeps battling inflation after a series of currency devaluations, a Reuters ...

In a landmark step toward cultivating a new generation of banking professionals and accelerating financial and economic ...

The Central Bank of Egypt (CBE) announced that net foreign assets held by the country's banking sector-including both the CBE ...

Egypt’s net international reserves (NIRs) hit a new record at the end of July, reaching $49.03 billion, up from $48.7 billion ...

The central bank most recently raised rates by 200 bps at a surprise meeting on Oct. 27, the same day it devalued its currency by 14.5% and announced it had signed a $3 billion financial support ...

Central bank figures show "M1" money supply, which includes domestic currency in circulation and demand deposits in Egyptian pounds, jumped by 31.1% in the year to end-June 2024, after growing 33. ...

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% ...

As forecast by analysts, the bank left its lending rate at 19.25% and deposit rate at 18.25%, its Monetary Policy Committee (MPC) said in a statement. "Going forward, real GDP growth is expected ...

CAIRO (AP) — Egypt’s central bank governor resigned Wednesday as the Middle East’s most populous nation struggles to curb inflation triggered by Russia’s war in Ukraine, high oil prices ...

Egypt will roll out its first-ever bachelor's degree in banking sciences starting in the 2025/2026 academic year, in a move ...

Business Egypt: Central Bank hikes interest rates to limit inflation Dec. 22, 2022 at 3:20 pm Updated Dec. 22, 2022 at 4:32 pm By The Associated Press ...

CAIRO—Egypt’s central bank raised key interest rates by 100 basis points each to a multiyear high on Thursday, the second increase this year as it tries to contain rising inflation caused in ...