Stay updated with breaking news from Doaaa Moneim. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Egypt's headline inflation maintained its upward trend in June, reaching 368 percent, compared to 348 percent in May, as announced by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday
Egypt’s headline annual inflation rate kept its upturn in July 2023 to hit a new record level, jumping to 382 percent, up from 146 percent recorded in the same month of 2022, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday
The International Monetary Fund (IMF) has raised its projections for Egypt’s inflation in 2023 and 2024 to 244 percent and 32 percent, respectively, up from 216 percent in 2023 and 18 percent in 2024 as projected in April, according to Deputy Director of the Research Department Petya Koeva Brooks
Doaa A Moneim reports on the reasons behind the Central Bank of Egypt’s surprise decision to raise interest rates last week
Against all expectations, the Monetary Policy Committe (MPC) of the Central Bank of Egypt ( CBE) decided on Thursday to raise the key interest rates by one percent (100 bps) in its first meeting in FY20232024 and the fifth in 2023