The Central Bank of the Republic of Turkey (CBRT) on Thursday lowered its benchmark interest rate — the one week repo rate — by 325 basis points to 16.50% from 19.75%. Following the rate cut, [ More … ]
Foreign investors may be finally curbing their enthusiasm for Egyptian local-currency debt, amid fears of interest rate cut, said Bloomberg in a recent report, titled “Egypt’s $18 Billion Debt Inflows Seen Peaking as Rate Cut [ More … ]
USD/lira exchange rate down to 3.81 amid central bank move to cancel 1-week repo auction, after hitting 3.94 on Wednesday Turkey can handle the recent volatility in its local currency, marked by record lows against [ More … ]
– Repo rate left unchanged at 7.50 percent as expected after being cut seven times since March 2016 – Turkey’s Central Bank on Thursday held key interest rates at their current levels after reducing [ More … ]
Egyptian officials started talks in Cairo with the International Monetary Fund (IMF) ahead reaching an agreement over a loan to help finance the government’s economic program. Egypt is seeking $12 billion over three years. The [ More … ]
By: Abdel-Hafez El-Sawy* In mid-June 2016, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) made a decision for increasing the interest rates on deposits and loans by 1%. Accordingly, the interest [ More … ]
After a debatable meeting, the Central Bank of Egypt (CBE) decided to raise its benchmark interest rate to the highest level in at least a decade. The CBE decision aims to contain inflation and rise [ More … ]
The Central Bank of Egypt (CBE) has reported that the inflation rate reached its highest level in seven years in May. Inflation is considered another challenge for policy makers trying to solve the shortage of [ More … ]
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