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3 Min Read CAIRO (Reuters) - Egypt’s economy will grow by 2.9% in the fiscal year that ends in June and will accelerate to 5.0% in the following year as the coronavirus pandemic recedes and tourists return, a Reuters poll of 23 economists showed on Thursday. FILE PHOTO: General view of hotels, banks and office buildings by the Nile River in Cairo, Egypt January 28, 2021. REUTERS/Mohamed Abd El Ghany The 2020/21 figure is slightly higher than the 2.8% forecast by both Finance Minister Mohamed Maait on April 5 and economists in a Reuters poll three months ago. April’s consensus was signific...
Tuesday, 2 February, 2021 - 09:45 The headquarters of Egypt's Central Bank is seen in downtown Cairo, Egypt (Reuters) Cairo - Asharq Al-Awsat HC Securities and Investment expected the Central Bank of Egypt (CBE) to keep interest rates unchaged during its Monetary Policy Committee (MPC) meeting scheduled for February 4th. Head of macro and financials at HC, Monette Doss said that the agency expects January inflation to come in at 5.2 percent, near the lower end of the CBE’s new target range of 7 percent (+/-2 percent) for the ...
Monday, 21 December, 2020 - 07:00 FILE PHOTO: Central Bank of Egypt's headquarters seen in downtown Cairo, Egypt, September 7, 2017. REUTERS/Mohamed Abd El Ghany/File Photo Asharq Al-Awsat The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is expected to keep interest rates unchanged in its next meeting, HC Securities & Investment said in a statement on Sunday. Asharq Al-Awsat obtained a copy of the report which expected the CBE to reduce interest rates by 100 basis points (bps) in Q1-21 and hold rates unchange...