Egypt's central bank lowered overnight interest rates by 225 basis points on Thursday, its first cut in more than five years, saying lower inflation had opened the way to yet further rate cuts in the ...

This marks Egypt's sixth issuance of USD-denominated T-bills in 2024, following a sale of $1.57 billion in November. Earlier this year, the central bank sold $850 million in T-bills in January ...

The liabilities were distributed as $33.8 billion held by the Central Bank and $28.03 billion held by banks operating in the local market. This increase showcases continued improvement in Egypt’s ...

The CBE noted that trade with Egypt’s 14 main trading partners—who together account for 68.3% of the country’s total foreign ...

The Central Bank of Egypt (CBE) announced on Thursday the launching of the Cairo Overnight Index Average benchmark (CONIA), which was developed by the Egyptian Money Market Contact Group.

Banking expert Tarek Metwally anticipates the Central Bank of Egypt (CBE) to cut interest rates by 200 basis points (equivalent to two percent), despite rising fuel prices and the potential for the ...

CAIRO, April 17 (Reuters) - Egypt's central bank lowered overnight interest rates by 225 basis points on Thursday, its first cut in more than five years, saying lower inflation had opened the way ...