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Egypt's central bank is widely expected to resume its monetary-easing cycle after a pause last month. The North African country has been on a mission to tamp down inflation that surged to a record 38% in September 2023 as it tries to revamp its economy after securing a bailout last year. Aathira Prasad, Macroeconomics Director at Nasser Saidi & Associates spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche ahead of the rate decision. (Source: Bloomberg)...
Egypt extended Hassan Abdalla's leadership of the central bank into a fourth year, sending a signal of continuity to foreign fixed-income investors as the North African nation emerges from its worst currency crunch in decades....
Egypt left interest rates on hold, snapping two rounds of monetary easing, as caution about tensions in the region and the fallout from US President Donald Trump's tariffs outweighed slowing inflation. Carla Slim, Standard Chartered, MENA Economist spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the rate decision as well as Oman's rating upgrade and OPEC+'s path forward with oil output. (Source: Bloomberg)...
Egyptian inflation accelerated for a third month, exceeding estimates and potentially making the central bank more cautious in extending a monetary-easing cycle....
The International Monetary Fund said Egypt should tread carefully as it lowers interest rates, due to global uncertainty wrought by US President Donald Trump's tariff raises....
Egypt kept interest rates at a record high, opting for caution as US President Donald Trump's trade tariffs and controversial proposal to relocate Palestinians from Gaza stoke fresh economic uncertainty....
Zitat des Tages: Die Ehe ist eine Institution zum leichteren Ertragen von Leiden, die man nicht erleiden würde, hätte man nicht geheiratet. - Hans Habe