The Egyptian market is awaiting banks’ return to work on Sunday to assess how lenders will adjust interest rates on savings products and loan facilities following the decision by the Central Bank of Egypt (CBE) to cut key rates by 1%.
The CBE said at the time that the decision was appropriate to maintain a monetary policy stance capable of anchoring inflation expectations and supporting the disinflation path ... The CBE has previously ...
Abdalla explained that this shift represents a fundamental change in Egypt’s monetary policy framework, with the CBE’s role now focused on setting a robust policy framework rather than managing a specific exchange rate level.
The deadline for the Commercial Bank of Ethiopia (CBE) to reduce its on-balance sheet net open position (NOP) by at least half has been extended to March 2026 due to lower-than-expected foreign currency inflows.
The Financial Regulatory Authority (FRA) held a coordination meeting with the Central Bank of Egypt (CBE) to discuss mechanisms for strengthening cooperation to raise financial inclusion levels and ...
The Central Bank of Egypt (CBE) received bids worth $1.141bn in its latest US dollar-denominated local Treasury bill auction, exceeding the offered amount of $950m, according to data published on the bank’s official website.