Egypt’s Central Bank of Egypt

Egypt cuts interest rates by 50 bps as inflation subsides
Business

Egypt cuts interest rates by 50 bps as inflation subsides

Egypt’s central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation…
Net foreign reserves up to US$44.11 billion: CBE
Egypt

Net foreign reserves up to US$44.11 billion: CBE

The Central Bank of Egypt stated on Wednesday that net foreign reserves recorded US$52 million in March, increasing to net…
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