Rate Archives - Oz Arab Media

Egypt’s rate cut on thin ice? IMF issues stark warning

The International Monetary Fund (IMF) has called on Egypt to exercise caution in its path of interest rate cuts, given the global uncertainty resulting from recent decisions by US President Donald Trump regarding customs duties. Egypt had cut interest rates last month for the first time in about five years, after the annual inflation rate fell …

The post Egypt’s rate cut on thin ice? IMF issues stark warning appeared first on Egypt Independent.

Egypt Independent May 2, 2025

NBE, Banque Misr cut interest rate on US dollar CDs

Banque Misr and the National Bank of Egypt (NBE) on Tuesday announced a reduction in the interest rate for the three-year dollar-denominated certificates of deposits (CDs) with a quarterly return to five percent – down from six percent annually. The interest rate on the three-year CDs with a prepaid return, equivalent to the Egyptian pound, …

The post NBE, Banque Misr cut interest rate on US dollar CDs appeared first on Egypt Independent.

Egypt Independent March 19, 2025

Early rate-cut hopes alive as core inflation eases

Mortgage-holders and a prime minister in election mode are hoping an encouraging step down in underlying inflation will pave the

Australian Associated Press January 9, 2025

US dollar exchange rate against Egyptian pound at major banks on Friday

On Friday, the Egyptian pound exhibited renewed stability against the US dollar, holding onto its most recent decline as reflected in the rates of 17 banks. This stability comes in tandem with the Central Bank of Egypt’s Monetary Policy Committee’s decision on Thursday, to maintain interest rates unchanged. The overnight deposit rate remained at 27.25 …

The post US dollar exchange rate against Egyptian pound at major banks on Friday appeared first on Egypt Independent.

Egypt Independent December 27, 2024

How China uncertainty could push back RBA rate cut

A bumper Chinese stimulus package could convince the Reserve Bank of Australia to push back the start of its monetary

Australian Associated Press December 14, 2024

“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister

Prime Minister Mostafa Madbouly addressed concerns about the Egyptian pound’s exchange rate during a press conference on Thursday. He assured the public that Egypt is committed to a flexible exchange rate policy and that there will be no restrictions on the movement of the dollar. Madbouly acknowledged the possibility of future fluctuations in the dollar’s …

The post “Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister appeared first on Egypt Independent.

Egypt Independent November 29, 2024

Christmas rate cut hopes slayed as inflation holds firm

Australia’s inflation rate may have undershot expectations to hold at the bottom of the central bank’s target band but borrowers

Australian Associated Press November 28, 2024

US dollar exchange rate across Egypt’s banks on Tuesday

The US dollar exchange rate against Egypt pound witnessed a state of stability at the beginning of trading on Tuesday after a slight increase in banking transactions by the end of Monday. According to the latest update issued by the Central Bank of Egypt, the US dollar price reached LE 49.38 for purchase and LE …

The post US dollar exchange rate across Egypt’s banks on Tuesday appeared first on Egypt Independent.

Egypt Independent November 20, 2024

US dollar exchange rate against Egyptian pound at major banks

The Egyptian pound maintained its stability against the US dollar on Friday, following a decline on Thursday. Below is a breakdown of the latest dollar exchange rates as reported by major Egyptian banks. Suez Canal Bank: The dollar was trading at 48.29 Egyptian pounds for buying and 48.39 pounds for selling. Misr Bank: The dollar …

The post US dollar exchange rate against Egyptian pound at major banks appeared first on Egypt Independent.

Egypt Independent October 4, 2024