EGP fluctuates against USD on early Thursday trade
The Egyptian pound recorded 47.26 pounds purchasing price against the US dollar, and 47.36 pounds for selling on…
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Rates
Egypt’s central bank keeps key interest rates steady
Egypt’s central bank has on Thursday kept its main interest rates steady, saying the previous rate cut two week ago…
ECB unveils stimulus to fight coronavirus impact
The European Central Bank (ECB) announced on Thursday measures to support bank lending and expanded its asset…
HC: Egypt central bank to leave key rates unchanged on Feb. 20 meeting
Egypt’s central bank is expected to keep its key interest rates unchanged at its next monetary meeting on February…
Egypt’s central bank announces rate meeting schedule for 2020
Egypt’s central bank on Wednesday announced the schedule of its meetings that determine the course of monetary…
India’s central bank surprises by keeping rates unchanged
The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision on Thursday, despite a…
As Mario Draghi waves farewell, ECB holds rates at historic lows
The European Central Bank (ECB) on Thursday kept rates unchanged during President Mario Draghi’s last monetary…
Egypt’s central bank cuts interest rates 1%, third time in 2019
Egypt's central bank has decided on Thursday to cut interest rates by 1 percent, reducing the credit and discount…
European banks may be at risk of failure if negative rates keep on – EIU
Large banking institutions in Europe may face the risk of failure if interest rates continue to stay negative, an…
Fed to cut rates, first time since 2008
The U.S. Federal Reserve is about to take the unusual step of cutting interest rates for the first time since 2008.
Deutsche Bank expecting rate cuts are coming all over the world
Cuts to interest rates can be predicted around the world following dovish pivots from the European Central Bank and…
European stocks higher ahead of ECB rate decision
European stocks traded higher Thursday morning, after soft economic data bolstered expectations of a rate cut from…
ECB could signal a September rate cut this week
European Central Bank (ECB) President Mario Draghi didn’t leave any doubt about his institution’s conviction to do…
U.S Fed may cut interest rates if inflation keeps disappointing: Bullard
- Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic…
Yen, Swiss franc rise as US political uncertainty, global growth woes dim mood
The Japanese yen and the Swiss franc gained on Monday, thanks to safe-haven buying as sentiment in financial…
US dollar struggles near one-week low ahead of Fed rates signal
It was all about the Federal Reserve for the dollar on Wednesday, as it struggled to shake off expectations policy…
HC expects unchanged interest rates, inflation to stabilise in August
HC Securities & Investment expected Egypt’s inflation to stabilise in August by 1 percent, with anticipations…
BOJ board disagreed on new tolerance for yield moves at last meeting
Bank of Japan board members disagreed on how far interest rates should be allowed to move from the central bank’s…
Egypt’s economy to rise 5.2% in FY2018/19: Reuters report
Egyptian economy will grow 5.2 percent within the financial year that began in July, economists said in a Reuters…
BOE may surprise markets with faster rise in UK rates: official
The Bank of England (BOE) might make interest rates increase faster than the markets are expecting, a member of the…
The Fed is likely to hike rates today
U.S. Federal Reserve is expected to announce a quarter-point interest rate hike when it wraps up its June meeting…
IMF sees 5.2% growth in Egyptian economy this year
The International Monetary Fund (IMF) expects economic growth in Egypt to reach 5.2 percent in 2018 and 5.5 percent…
Unemployment rates fall by 2.3% in 3 years: Egyptian FinMin
Egypt's Finance Minister Amr el-Garhy announced that the Egyptian economic reform programme has yielded results,…
Gold inches up on weaker dollar, inflation outlook
Spot gold prices edged up on Monday on a weaker U.S. dollar and as investors looked to hedge against inflation.…
Egypt’s construction firms seize 1.1 bln pounds compensations in 2018
Egypt’s three construction firms have captured compensations worth 1.1 billion Egyptian pounds ($21.1 million)…
Most Asian indexes advance, but China markets ease
Asian indexes traded mostly higher on Thursday after stocks in the region sold off earlier this week. The moves…
Gold climbs back towards 17-month peak as dollar slides
Gold prices rose on Friday, climbing back towards the previous session's 17-month peak as suggestions that senior…
Egypt’s tax revenues rise 62% in H1 of FY2017/18
Egypt’s total tax revenues surged by 62 percent to 249 billion pounds during the first half of financial year…
Tourism rates increase up to 90% in Upper Egypt’s Luxor: sources
Tourism in Luxor city has witnessed high turnout rates this January, after the governor of Luxor and the Tourist…
Dollar nurses losses as Fed policymakers worry about low inflation
Dollar prices touched a two-month low against the yen on Thursday, having tumbled after the minutes of the…
Minister: Egypt could become new international hub for investment
Egypt could become a new international hub for investment and international cooperation, Minister of Investment…
Asian markets trade mixed following Wall Street losses; China data falls short
Shares in Asia were were mixed in Monday trade after Wall Street closed lower on news that planned stateside tax…
Egypt unemployment rates to rise 3 times if population growth continues
Egypt’s current population growth rates continue the same until 2030, unemployment rates will rise to three times…
Egypt CBE increases reserve requirement on deposits by 14%
The Central Bank of Egypt (CBE) said on Tuesday it is increasing the reserve requirement on deposits from ten…
Oil prices mixed as US stockpile rise takes shine off OPEC higher demand view
Oil prices were mixed on Wednesday, dampened by reports of rising U.S. crude stockpiles but retaining some of the…
Bank of Canada’s silence leaves markets looking for more clues on rates
The Bank of Canada’s reticence to guide markets on the future path of monetary policy has left many scrambling to…
Oil markets dip storm Harvey fallout; Hurricane Irma heads into Caribbean
Oil prices slipped on Wednesday as crude demand remained subdued on the back of refinery closures following…
Egypt’s policy measures improve banking but investments slow: BLOM official
Egypt's policy decisions last November to float the pound and subsequently raise interest rates have improved…
Dollar jumps vs yen, outlook seen clouded by N.Korea tensions
The dollar edged higher against the yen on Monday, pulling away from last week's near 4-month low, with rising…
Dollar prices drift lower as investors await US inflation data
The dollar inched down slightly in Asian trading on Tuesday, but maintained most of the gains it made on last…