Egypt’s headline inflation dropped to 14.9% in June from 16.8% in May, after peaking at 38% in September 2023. The central bank cut its rates twice this year, a 225-basis-point cut in April and a ...

The pace of global rate cuts is slowing as the European Central Bank nears the end of its easing cycle, the U.S. Federal ...

The Central Bank of Egypt is likely to leave its main overnight interest rates unchanged on Thursday, pausing a trend of rate reductions following a stubborn increase in inflation over the last ...

Coming into the decision, markets had priced in one to two additional rate cuts this year, according to Bloomberg data. The central bank slashed interest rates by a total of 100 basis points in 2024.