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Egypt s Inflation Soars to Record 39 7% in August, Central Bank Struggles To Contain Surge

Egypt s Inflation Soars to Record 39 7% in August, Central Bank Struggles To Contain Surge
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Egypt Inflation Rate Hits Record-High of 39 7% in August

Egypt's annual headline inflation – which includes commodities such as food and energy prices – increased to a new high of 39.7 percent in August, up from 38.2 percent in July, according to data released by the country’s Central Agency for Public Mobilization and Statistics (CAPMAS) on 10 September. This is Egypt’s third consecutive record-high

Egypt s CBE hikes interest rates by 1%, the 2nd raise in 2023 - Economy - Business

Against all expectations, the Monetary Policy Committe (MPC) of the Central Bank of Egypt ( CBE) decided on Thursday to raise the key interest rates by one percent (100 bps) in its first meeting in FY20232024 and the fifth in 2023

Business briefs: Sunday, August 6, 2023

Business briefs: Sunday, August 6, 2023
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Egypt raises interest rates as it battles inflation

Egypt’s Central Bank is hiking interest rates as the cash-strapped North African country continues to battle surging inflation and a depreciating currency. In an online statement late Thursday, the bank’s monetary policy committee said the most basic lending rate, the overnight deposit rate,

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