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Friday October 16 2015
Egyptian Inflation Rate Jumps to 9.2% in September  
Urban consumer prices in Egypt increased by 9.21 percent year-on-year in September of 2015, speeding up from a 2-year low of 7.88 percent reported in the previous month, due to a seasonal hike in vegetable prices.
Thursday September 10 2015
Egypt Inflation Rate Lowest In More Than 2 Years  
Urban consumer prices in Egypt increased 7.9 percent year-on-year in August of 2015, down from 8.4 percent in the previous month. It is the lowest level since March of 2013 as impact of fiscal consolidation measures implemented last year continues to weaken.
Thursday August 13 2015
Egypt Inflation Rate Falls to 13-Month Low in July  
Urban consumer prices in Egypt increased 8.4 percent year-on-year in July of 2015, down from 11.4 percent in the previous month. It is the lowest level since June of 2014 as impact of fiscal consolidation measures implemented last year continue to weaken.
Friday June 12 2015
Egypt Inflation Rate at 6-Year High  
Consumer prices in Egypt increased 13.1 percent year-on-year in May of 2015. It is the highest rate since February of 2009.
Friday May 15 2015
Egypt Inflation Rate Slows in April  
Annual inflation rate in Egypt eased to 10.96 percent in April of 2015 from 11.51 percent in March, as cost of housing and utilities rose at a slower pace.
Friday April 24 2015
Egypt Leaves Rates on Hold  
The Central Bank of Egypt kept its benchmark overnight deposit rate unchanged at 8.75 percent on April 23rd.
Wednesday April 15 2015
Egypt Inflation Rate at 5-Month High in March  
Consumer prices in Egypt increased 11.51 percent year-on-year in March of 2015, up from 10.56 percent in February as cost of food and housing, water, electricity, gas and other fuels rose the most.
Friday March 13 2015
Egypt Inflation Rate Accelerates to Double Digit in February  
Egypt's consumer prices increased by an annual 10.6 percent in February, after slowing in January, due to higher prices of transport and food. A year ago, inflation rate was 9.76 percent.
Friday February 27 2015
Egypt Leaves Monetary Policy Unchanged  
The Central Bank of Egypt kept its benchmark overnight deposit rate unchanged at 8.75 percent at its February 26th meeting, after cutting it by 50 bps last month, in an attempt to stimulate the economy while controlling the inflation.
Monday February 16 2015
Egypt Inflation Rate Slows in January  
Egypt annual inflation eased to 9.7 percent in January of 2015 from 10.1 percent in the previous month. A year ago, the inflation rate was recorded at 11.36 percent.
Thursday January 15 2015
Central Bank of Egypt Surprisingly Cuts Rates  
The Central Bank of Egypt cut its benchmark overnight deposit rate by 50 basis points to 8.75 percent at its January 15th meeting, amid inflationary and growth risks.
Tuesday February 10 2015
Egypt Inflation Rate Up to 10.1% in December  
Egypt annual inflation rate rose to 10.1 percent in December of 2014, from 9.1 percent recorded in November, due to higher food and transport prices.
Tuesday December 16 2014
Egypt Inflation Rate Down to 9.1 percent  
Egypt’s annual inflation rate declined to 9.1 percent in November of 2014 from an eleven-month high of 11.8 percent in October.
Thursday November 27 2014
Egypt Leaves Monetary Policy Unchanged  
The Central Bank of Egypt decided to keep its benchmark overnight deposit rate unchanged at 9.25 percent on November 27th. The overnight lending rate was also left on hold at 10.25 percent.
Thursday November 13 2014
Egypt Inflation Rate at 11-Month High  
Egyptian annual inflation rate increased to 11.8 percent in October of 2014 from 11.12 percent in September. It is the highest value since November of 2013, mainly due to a rise in fruit and vegetables prices.
Thursday October 16 2014
Egypt Leaves Rates on Hold  
At its October 16th, 2014 meeting, the Central Bank of Egypt decided to hold its benchmark overnight deposit rate unchanged at 9.25 percent, saying that the current policy stance is appropriate to anchor inflation expectations and limit a generalized price increase. The overnight lending rate was also left on hold at 10.25 percent.
Tuesday October 14 2014
Egypt Inflation Rate Slows in September  
Egyptian annual inflation rate slowed for the first time in four months to 11.1 percent in September of 2014 from 11.5 percent in August, mainly due to base effects.
Wednesday September 10 2014
Egypt Inflation Rate up to 8-Month High  
Egyptian annual inflation rate accelerated for the second straight month to 11.49 percent in August from 11.04 percent in July.
Monday September 01 2014
Egypt Leaves Monetary Policy Unchanged  
At its September 1st, 2014 meeting, Egypt's Central Bank decided to hold the overnight deposit rate steady at 9.25 percent, as policymakers consider the current policy stance to be appropriate to anchor inflation expectations. Last meeting, the central bank rose key rates by 100 bps.
Monday August 11 2014
Egypt Inflation Rate Accelerates in July  
The annual consumer prices in Egypt surged to 10.6 percent in July of 2014, from 8.2 percent recorded in June. Compared with a year earlier, the inflation rate rose from 10.3 percent.
Thursday July 17 2014
Central Bank of Egypt Raises Rates  
At its meeting held on July 17th, the Monetary Policy Committee decided to raise the benchmark interest rate by 100 bps to 9.25 percent, aiming to curb inflationary pressures, following a cut in subsidies on fuel and electricity.
Thursday July 10 2014
Egypt Inflation Rate Steady in June  
Egyptian annual inflation rate decelerated marginally to 8.20 percent in June of 2014, from 8.24 percent in May of 2014. It is the lowest rate in twelve months.
Tuesday June 10 2014
Egypt Inflation Rate Down to 12-Month Low  
Egyptian annual inflation rate slowed for the second straight month to 8.24 percent in May of 2014 from 8.87 percent in the previous month.
Thursday May 29 2014
Egypt Leaves Benchmark Rate on Hold at 8.25%  
At its May 29th, 2014 meeting, Egypt's Central Bank decided to hold the overnight deposit rate steady at 8.25 percent, as policymakers consider downside risks to GDP will limit inflationary pressures.
Thursday May 08 2014
Egypt Inflation Rate Slows in April  
Egyptian annual inflation rate eased to 8.87 percent in April of 2014 from 9.82 percent in the previous month.
Monday April 28 2014
Central Bank of Egypt Leaves Monetary Policy Unchanged  
Egypt’s Central Bank decided on April 28th, 2014, to leave the overnight deposit rate on hold at 8.25 percent for the third straight meeting, as policymakers consider upside risks to the inflation outlook to be contained.
Monday April 14 2014
Egyptian Inflation Rate Unchanged in March  
The annual consumer prices increased 9.82 percent in March of 2014, almost unchanged from 9.76 percent in the previous month. A year earlier, the inflation rate was recorded at 7.59 percent.
Thursday March 13 2014
Egypt Inflation Rate Down to 6-Month Low  
In February of 2014, Egypt’s annual inflation rate decelerated to 9.8 percent from 11.4 percent in January. In November last year, the inflation rate reached its highest in four and a half years and slowed in February for the third straight month.
Thursday February 27 2014
Central Bank of Egypt Leaves Rates on Hold  
At its February 27th meeting, the Monetary Policy Committee decided to keep the overnight deposit rate at 8.25 percent for the second consecutive month, in an attempt to stimulate the economy while controlling the inflation. The overnight lending rate, and the CBE rate were also maintained at 9.25 percent and 8.75 percent, respectively.
Monday February 10 2014
Egypt Inflation Rate Decelerates in January  
In January of 2014, Egyptian annual inflation rate slowed for the second straight month to 11.4 percent from 11.7 percent recorded in December, due to favorable base effect from the previous year. In November of 2013, the inflation rate hit a four-year high of 12.97 percent.
Thursday January 16 2014
Egypt Monetary Policy Unchanged in January  
At its January 16th meeting, Central Bank of Egypt decided to leave the overnight deposit rate unchanged at 8.25 percent, after last month's cut, aiming to fight persistent downside risks to growth.
Wednesday January 15 2014
Egypt Inflation Rate Slows to 4-Month Low in December  
In December of 2013, Egypt annual inflation rate slowed for the first time in four months to 11.7 percent, driven by lower housing, food and utilities’ prices.
Wednesday December 11 2013
Egypt Inflation Rate Edges Up to 12.97% in November  
In November of 2013, Egypt inflation rate climbed to 12.97 percent, the highest rate in almost five years. On a monthly basis, prices slowed for the second straight month to 0.95 percent.
Thursday December 05 2013
Central Bank of Egypt Cuts Rates  
At its December 5th meeting, Central Bank of Egypt decided to cut the overnight deposit rate by 50 bps to 8.25 percent. It is the third rate cut his year, citing pronounced downside risks to growth. The discount rate was also cut by 50 basis points to 8.75 percent.
Tuesday November 12 2013
Egypt Inflation Rate Up to 10.4% in October  
In October of 2013, Egyptian annual inflation rate accelerated to 10.44 percent, from 10.15 percent in September, mainly due to higher food prices. Core inflation rate remained steady.
Thursday October 31 2013
Central Bank of Egypt Leaves Rates On Hold  
The Monetary Policy Committee of the Central Bank of Egypt decided on October 31st to leave the overnight deposit rate unchanged at 8.75 percent, after cutting it by 50 bps in the previous two meetings.
Thursday October 10 2013
Egypt Inflation Rate Climbs to 10.15% in September  
In September of 2013, Egyptian annual inflation rate rose to 10.15 percent, after decelerating in August for the first time in five months to 9.74 percent. In the same period, core inflation rate rose to 11.15 percent, the highest rate in 50 months.
Thursday September 19 2013
Central Bank of Egypt Cuts Rates  
The Monetary Policy Committee of the Central Bank of Egypt decided on September 19th to cut the overnight deposit rate by 50 bps to 8.75 percent. It is the second consecutive cut, amid risks to GDP growth and moderate inflationary pressures.
Thursday September 12 2013
Egypt Inflation Rate Slows to 9.74% in August  
In August of 2013, Egyptian annual inflation rate eased for the first time in five months to 9.74 percent, from 10.28 percent recorded in July. The slowdown came on the back of lower food and clothing prices as a result of the end of the Ramadan.
Wednesday August 21 2013
Egypt Inflation Rate Climbs to 10.28% in July  
In July of 2013, Egyptian annual inflation rate accelerated for the fourth month in a row to 10.28 percent, from 9.75 percent in June, due to higher food prices, which coincided with the month of Ramadan. Inflation a year ago was recorded at 6.4 percent.
Thursday August 01 2013
Central Bank of Egypt Cuts Rates By 50 bps  
The Monetary Policy Committee of the Central Bank of Egypt decided on August 1st to cut the overnight deposit rate by 50 bps to 9.25 percent, citing downside risks to GDP and moderate inflationary pressures.
Monday July 15 2013
Egypt Inflation Rate Up to 23-Month High in June  
In Egypt, annual headline inflation rate increased to 9.75 percent in June, the highest rate since July of 2011, driven by higher food prices.
Thursday June 20 2013
Egypt Monetary Policy Unchanged in June  
The Monetary Policy Committee of the Central Bank of Egypt decided on June 20th to leave the overnight deposit rate unchanged at 9.75 percent, citing upward pressures on the inflation rate and weak economic outlook.
Friday June 14 2013
Egypt Inflation Rate Inches Up to 8.2% in May  
In Egypt, annual headline inflation rate edged up to 8.20 percent in May from 8.11 percent in April, driven by unfavorable base effects from the previous year.
Thursday May 09 2013
Egypt Interest Rate Unchanged at 9.75%  
In its meeting held on May 9, 2013, the Monetary Policy Committee (MPC) decided to keep the overnight deposit rate and overnight lending rate unchanged at 9.75 percent and 10.75 percent, respectively, and the rate of the CBE's main operation at 10.25 percent. The discount rate was also kept unchanged at 10.25 percent.
Wednesday May 15 2013
Egypt Inflation Rate Up to 8.1% in April  
In April of 2013, the annual headline inflation rate increased to 8.1 percent, from 7.6 percent recorded in March. Headline CPI increased by 1.47 percent (m/m) in April compared to 0.64 percent (m/m) in March. The bulk of the monthly increase was driven by higher prices of fresh vegetables which accounted for over 40 percent of the monthly headline development as well as the rise in the prices of other food items.
Monday April 15 2013
Egypt Inflation Rate Down to 7.6% in March  
In Egypt, the annual headline inflation rate eased to 7.6 percent in March of 2013, breaking a three-month increase, as a result of lower-than-expected rise in both food and non-food prices.
Tuesday August 06 2013
Egypt Political Turmoil Brings the Risk of Economic Collapse  
Recent political and social turmoil in Egypt will certainly add to weak GDP growth, depress tourism and foreign investment and rise prices in the months ahead. Although much needed IMF loan will probably be further delayed, recent 12 billion USD injection from Saudi Arabia, United Arab Emirates and Kuwait is likely to boost Egyptian foreign reserves; help stabilizing the currency and end fuel shortages in the short-run.
Thursday March 21 2013
Central Bank of Egypt Raises Rates  
The Monetary Policy Committee of the Central Bank of Egypt decided on March 21st to raise the main interest rate by 50 basis points to 9.75 percent.
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