interest rates
Proceeds of high-return savings certificates reach LE105 bln in 3 days
Business
March 25, 2022
Proceeds of high-return savings certificates reach LE105 bln in 3 days
The National Bank of Egypt and Banque Misr announced that the proceeds of high-return savings certificates of 18 percent reached…
Erdogan says inflation, forex rates to come down with low interest rates -NTV
Middle East
December 8, 2021
Erdogan says inflation, forex rates to come down with low interest rates -NTV
ANKARA, Dec 8 (Reuters) – President Tayyip Erdogan said Turkey will reduce inflation and exchange rate volatility through low interest…
NBE reduces interest rate on 3-year Platinum Certificates
Business
December 25, 2020
NBE reduces interest rate on 3-year Platinum Certificates
The National Bank of Egypt reduced the interest rate or return on its three-year Platinum Certificates, the return of which…
Egypt cuts interest rates by 50 bps as inflation subsides
Business
September 25, 2020
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…
Egypt’s central bank keeps key interest rates on hold – statement
Economy
June 26, 2020
Egypt’s central bank keeps key interest rates on hold – statement
CAIRO, June 25 (Reuters) — The Central Bank of Egypt (CBE) kept its main interest rates steady on Thursday, despite…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East
February 3, 2020
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
Turkey’s Erdogan says plans 5% growth rate in 2020
Economy
September 5, 2019
Turkey’s Erdogan says plans 5% growth rate in 2020
ISTANBUL (Reuters) – President Tayyip Erdogan said Turkey would plan for economic growth of 5% in 2020 and expected interest…
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
Business
September 1, 2019
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
The Cabinet’s Media Center highlighted an infographic report on Sunday showing that the Central Bank of Egypt (CBE) has reduced…
Bankers expect stable interest rates through December
Middle East
July 9, 2019
Bankers expect stable interest rates through December
Egyptian economists and investment banks predicted that interest rates would remain fixed at 15.75 percent for deposit and 16.75 percent…
Egypt’s central bank keeps key interest rates unchanged
Economy
May 27, 2019
Egypt’s central bank keeps key interest rates unchanged
CAIRO, May 23 (Reuters) – Egypt’s central bank on Thursday kept its key interest rates unchanged, in line with a…