Central Bank of Egypt
Central Bank Rate Cuts of 100 Basis Points in Egypt and 50 BPS in Russia
February 13, 2026
Egyptian consumer price inflation, which crested in September 2023 at 38.0%, receded to 11.7% two years later and is currently at 11.9%. The Central Bank of Egypt‘s policy interest rate over the past ten months has been lowered from 27.25% ti 19.0%, including a 100-basis point cut announced yesterday. Board members “will continue to remain […] More
Dollar Exhibits Better Tone Ahead of U.S. CPI Releases, But Tech Stocks Retreat
February 13, 2026
Thursday’s difficult session for U.S. equities, led by the tech sector, extended into other countries on Friday with share prices closing down 1.6% in Singapore, 1.4% in Australia, 1.3% in China and India, 1.7% in Hong Kong, and 1.6% in Singapore. Stock markets in Spain and Italy are so far also showing losses in excess […] More
Egyptian Central Bank Rate Cut
December 26, 2025
Monetary officials at the Central Bank of Egypt implemented their fifth interest rate cut of 2025 and signaled that more downward moves next year will be likely. The new main operating rate of 20.5% will be flanked by an overnight lending rate of 21.0% and an overnight deposit rate of 20.0%. Each is a full […] More
Day After Christmas Remains Subdued
December 26, 2025
The Christmas holiday has been extended in many countries, including most of Europe, Canada, Australia, New Zealand, South Africa, Hong Kong and Indonesia. Japan was open both Thursday and Friday. Although President Trump has authorized that today will be a federal holiday this year, most banks plan to be open, and the U.S. stock exchange […] More
Egyptian Interest Rate Cut
October 2, 2025
The Central Bank of Egypt‘s overnight deposit rate underwent its fourth cut since April. Analysts were anticipating a reduction of 100 basis points or perhaps as much as the April and August cuts of 200 bps. Monetary officials went with 100 basis points. The six percentage point cumulative drop so far to 21.0% has been […] More
Thursday Recap
October 2, 2025
This second day of the U.S. Federal government shutdown has been uneventful in world financial markets. Some two hours before the close of the U.S. stock exchange, major indices are flat to marginally firmer, which is still a smaller improvement than experienced in some foreign stock markets such as South Korea (2.7%), Singapore (1.7%), Australia […] More
Third Egyptian Central Bank Rate Cut Since April
August 28, 2025
The Central Bank of Egypt’s new policy interest rate level will be 22.0%, still considerably north of year-on-year CPI inflation (13.9%) as of July. Along with reductions done in April and May, today’s as-expected two percentage point cut means that all but 75 basis points of a six percentage point increase in March 2024 has […] More
Percentage Point Cut in Overnight Deposit Rate Still Leaves Such at 24%, well above 13.9% CPI Inflation
May 22, 2025
Today’s interest rate cut at the Central Bank of Egypt had been anticipated but was considerably smaller than prior and initial cut of 225 basis points done in April. A released statement attributes a significant deceleration of inflation in this year’s first quarter to “monetary tightening, favorable base effects, and the fading impact of previous […] More
Egyptian Interest Rate Cut
April 18, 2025
The Central Bank of Egypt slashed its overnight deposit rate by 225 basis points to 25.0%. A peak of 27.25% had been maintained previously since March 2024. Similarly-sized reductions were made in the overnight lending rate and discount rates to 26.0% and 25.5%, respectively. A released statement proclaims that last quarter “witnessed a significant decline […] More
World Financial Markets Quieted by Widely Shared Good Friday Holiday Observances
April 18, 2025
Today is a holiday in Australia, New Zealand, most of Europe and the Western Hemisphere, and many places in Europe. The weighted DXY dollar index fluctuated in a extremely narrow 0.2% high/low range overnight. Among stock markets that were open for trading part of today, share prices rose 1.7% in Vietnam, 1.1% in Malaysia, 1.0% […] More
