The Central Bank of Egypt is likely to leave its main overnight interest rates unchanged on Thursday, pausing a trend of rate ...

Egypt - The Central Bank of Egypt (CBE) has announced a temporary increase in the daily cash withdrawal limit for individuals and companies at bank branches, raising the cap in local currency to EGP ...

Egypt's net foreign assets rose by $1.2 billion to $14.7 billion in May, central bank data showed on Monday, approaching ...

Egypt's annual headline inflation rate is forecast to have decelerated slightly in June to 16.2% as some food and beverage ...

The Central Bank of Egypt (CBE) has instructed banks to actively support exporting clients in aligning their production ...

We must enhance cooperation between the central banks of the BRICS countries and advance our efforts in enabling financial ...

Egypt’s net international foreign reserves (NIRs) increased by $174 million at the end of June to $48.7 billion, the highest ...

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% ...

Egypt's central bank will raise its overnight deposit rate by 175 basis points (bps) on Thursday in response to the U.S. Federal Reserve's rate hikes and commodity import price rises caused by the ...

The Central Bank said it decided to raise the overnight deposit rate, the overnight lending rate and the rate of the main operation by 100 basis points each to 9.25%, 10.25% and 9.75%, respectively.