The Central Bank of Egypt (CBE) is expected to hike its overnight interest rates by 150 basis points on Thursday as it keeps battling inflation after a series of currency devaluations, a Reuters ...

Lending to the government by Egypt's central bank continued to climb in the last fiscal year, according to the central bank's newly released annual budget, even as inflation has slid from an all ...

Central bank figures show "M1" money supply, which includes domestic currency in circulation and demand deposits in Egyptian pounds, jumped by 31.1% in the year to end-June 2024, after growing 33. ...

We must enhance cooperation between the central banks of the BRICS countries and advance our efforts in enabling financial ...

Egypt's central bank has been working to reduce inflation, which has trended downwards from a peak of 38% in September 2023. Annual headline inflation stood at 13.9% in April, just up from 13.6% ...

Egypt's central bank has approved regulations designed to allow people to make instant electronic payments between bank accounts using their mobile phones, it said in a statement on Monday.

Egypt's central bank is set to leave its main interest rate on hold on Thursday, a Reuters poll showed, possibly putting a pause on reductions as persistently high treasury yields fall too.

Egypt plans to develop a new indicator for its currency and add instruments to hedge against risks, as it turns the page on years of keeping the pound’s value stable around the dollar.

No replacement was immediately named for Amer, who had been appointed governor of the central bank in November 2015. He has been criticized for his handling of Egypt’s financial challenges.

The governor of Egypt's central bank, Tareq Amer, resigned on Wednesday, state media reported, with the Arab world's most populous country in the grip of a deepening economic crisis.President Abdel ...

The Central Bank of Egypt’s approval signifies a broader push towards digital transformation within the country’s financial sector, according to the announcement.

Egypt’s central bank governor, Tarek Amer, unpegged the pound from the dollar in November, leading to a sharp devaluation and paving the way for a much-needed $12 billion IMF loan. The exchange rate ...