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The Central Bank of Egypt (CBE; Arabic: البنك المركزي المصري) is the central bank and monetary authority of the Arab Republic of Egypt. Currency [ edit ]
During the period from 2014 to 2024, Egypt's total external debt doubled. The total external debt amounted to about US$165.4 billion by the end of the first quarter of 2023. The Central Bank of Egypt revealed that the value of Egypt's external debts due for repayment was equal to about US$29.229 billion during 2024. [8] [9]
The Egyptian central bank slashed its main interest rates by 300 basis points at an unscheduled meeting on Monday, saying it was a "pre-emptive" move to support the economy. Egypt has registered ...
For example, a central bank might set a target rate for overnight lending of 4.5%, but rates for (equivalent risk) five-year bonds might be 5%, 4.75%, or, in cases of inverted yield curves, even below the short-term rate. Many central banks have one primary "headline" rate that is quoted as the "central bank rate".
The annual inflation rate reached 36.8% last month, up from 33.7% recorded in May, according to data released by the state-run Central Agency for Mobilization and Statistics.
The Central Bank of Egypt is the national reserve bank and controls and regulates the financial market and the Egyptian pound. There is a State regulatory authority for the Cairo Stock Exchange. State-owned or Nationalized banks still account for 85% of bank accounts in Egypt and around 60% of the total savings.
Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate minus average inflation rate (2017–2021) Afghanistan: 6.00 3.00: 24 July 2021 [3] 3.38 2.62 Albania: 2.75 0.25: 6 November 2024 [4] 1.78 0.97 Algeria: 3.00 0.25: 29 April ...
The corridor was set up as a buffer zone in accordance with the 1978 Camp David Accords between Egypt and Israel, with the aim of controlling movement in and out of Gaza and preventing arms ...