Egypt's central bank expected to raise rates as inflation weighs: Reuters poll - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 21/06/2022 19.42.00
📰 SABCNews

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Egypt’s central bank will raise its overnight deposit rate by 50 basis points (bps) on Thursday as it seeks to dampen surging inflation, a Reuters poll forecast.

Egypt's Central Bank headquarters are seen in downtown Cairo, Egypt, March 22, 2022.

The bank raised rates by 200 bps at its last meeting on May 19, saying it was seeking to contain inflation expectations after prices surged by their quickest in three years. “In a context of hawkish Fed policy and pressure on Egyptianexternal liquidity, a significant rise in CBE rate is needed for a recovery in portfolio inflows,” Devaux said.

Tulis Komentar

Central Banks are collapsing .. Worldwide 💥👏🏻💥 Bank runs in China - collapse of EverGrande! The People Are The REAL NEWS! MSM paid propagandist Tell-Lie-Vision is toast! Boom! 💥👏🏻🐍

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama