Central Bank of Egypt
MPC minutes: Egypt
The Central Bank of Egypt's Monetary Policy Committee decided to keep rates unchanged at 11.5% owing to high inflation, the minutes of the meeting on 25 December explained.
Egypt aims for Basel II adoption, ECB to assist
The Central Bank of Egypt took a step towards compliance with Basel II after agreeing to European Central Bank (ECB) support to strengthen its supervisory framework.
Egypt fears second-round effects, raises rates
The Central Bank of Egypt has increased its three key rates in a bid to contain the impact of soaring food costs.
Egypt hikes rates to combat rampant inflation
The Central Bank of Egypt hiked its benchmark rate half a point and its discount rate a full percentage point on Thursday in a bid to combat inflation, now at a 19-year high.
Egypt - UK central bank agreement planned
Officials from the Central Bank of Egypt (CBE) have met for talks at the Bank of England's Centre for Central Banking Studies (CCBS) to launch a cooperation agreement between the CBE's Egyptian Banking Institute and the CCBS, according to the MENA news…
Egypt: 6-month BOP surplus of 152.7m dollars
The governor of the Central Bank of Egypt (CBE) has presented a report to the country's president in which he said that the balance of payments realized a surplus of 152.7m dollars during the first six months of the current fiscal year compared to a…
Egypt central bank plays active money market role
A new general monetary policy will be applied to push forward the national economy, the Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Eiyoun said Wednesday.
Egypt, Russia sign banking cooperation agreement
EGYPT - The Central Bank of Egypt and the Central Bank of Russia today, 16 October, signed an agreement on promoting cooperation in banking domains between the two nations.
Egypt's banks forced to achieve world standards
EGYPT - Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Oyoun announced yesterday that the government is studying new measures to encourage bank mergers to keep pace with world changes in this regard.
Egypt - New central bank role enshrined in law
EGYPT - The cabinet on 27 November approved a new law giving the Central Bank of Egypt greater authority over monetary policy and extending its supervisory role.
Egyptian central bank cancels import restrictions
EGYPT - The Central Bank of Egypt said Monday it had cancelled import restriction proposals that were designed to protect the declining Egyptian pound and boost the sluggish economy.
Egyptian draft law for independent c bank approved
EGYPT - Egypt's cabinet approved Tuesday a draft law to make the Central Bank of Egypt independent from the now-defunct economy ministry, according to a cabinet official.
Central bank appointment gets warm welcome
EGYPT - Cairo bankers have reacted positively to the appointment of Mahmoud Abul-Ayoun to the post of governor of the Central Bank of Egypt.
Crisis could delay new appointments in Egypt
EGYPT - Some keenly awaited changes in senior positions may have to be deferred in Egypt including the governorship of the Central Bank of Egypt.
Raiding the central bank to pay the deficit, Egypt
ARTICLE - The official figures issued for the budget deficit only tell part of the story about the state of Egypt's finances. A close look at the pattern of government debt over the past three years suggests that the actual fiscal deficit has been in the…