WebDec 30, 2024 · According to Statista, the inflation rate in Egypt was expected to average 11.97% in 2024, accelerating from 8.5% in 2024. Egypt’s inflation rate was projected to ease to 8.05% in 2024, cooling further to 7.1% in 2025 and steady at 6.9% from 2026 to 2027. Economic growth to decelerate in 2024 before rebounding Web23 hours ago · Food and beverage prices rose by 62.9 per cent annually, driving the inflation rate up from 31.9 per cent in February, reported Bloomberg. ... The sharp increase in inflation can be attributed to several factors, including COVID-19 and the Egyptian pound’s around 50 per cent plunge against the US dollar since last March.
USD/EGP Currency Exchange Rate & News - Google Finance
WebMar 21, 2024 · In a gutsy move, the Central Bank of Egypt this morning went for a surprise interest rate hike — and allowed the EGP slip against the USD. The CBE raised rates by 100 bps, its first hike in five years, after calling a special monetary policy meeting early this morning. The bank acted to stave off inflationary pressure and support economic ... WebMar 16, 2024 · Egypt’s annual headline urban inflation increased to 8.8% in February 2024 from 7.3% in January 2024, marking the highest rate since June 2024, according to the Central Bank of Egypt (CBE). golf course jigsaw puzzles
Egyptian Pound Devaluation and its Impacts Infomineo
WebApr 9, 2024 · It raised the overnight deposit rate, overnight lending rate and main operation rate to 18.25%, 19.25% and 18.75%, respectively. The central bank cited supply chain disruptions domestically, the depreciation of the Egyptian pound and demand side pressures to justify inflation rates. WebEgypt Overnight Interbank Rate - 2024 Data - 2007-2024 Historical - 2024 Forecast Egypt Overnight Interbank Rate Summary Forecast Stats Download Egypt Overnight Interbank Rate was at 16.37 percent on Friday March 24. source: Central Bank Of Egypt 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Egypt Overnight Interbank Rate WebApr 13, 2024 · Importantly, Egypt has secured new financing of around $5 billion in FY2024/23 (first fiscal year of the program), of which $2 billion will be generated through the sale of equity in public sector companies, including as part of the authorities’ privatization strategy, executed by the Sovereign Fund of Egypt (SFE). golf course job postings