Wednesday, July 16, 2025
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

  • Subscribe
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

  • Subscribe
No Result
View All Result
The Business Weekly & Review
No Result
View All Result
Home News

Egypt’s central bank ‘surprisingly’ keeps rate unchanged, setting off a fresh tailwind for Egyptian eurobonds

mm by RMB Africa Research
August 19, 2022
in News
Reading Time: 1 min read
0
Central Bank of Egypt (CBE) expected to raise the overnight deposit rate by 50bp today
Share on FacebookShare on Twitter

The Central Bank of Egypt surprised markets on Thursday after its MPC voted in favour of leaving its lending rate unchanged at 12.25 percent and its deposit rate at 11.25 percent. The MPC said in its statement accompanying the rate decision that โ€œkeeping policy rates unchanged remains consistent with achieving price stability over the medium termโ€, while taking note of its policy rate hikes in previous meetings. The CBE’s decision provided a fresh tailwind for Egyptian eurobonds. For context, the 2026 eurobond yield shed 59bp on Thursday to close the session at 12.22 percent โ€” its lowest level in two months. Looking at the shape of the curve, after temporarily inverting at the end of last month, there has been a considerable steepening bias present as traders reprice for a less aggressive interest rate path amid mounting growth concerns and easing external price pressures.

Meanwhile, data from the Central Agency for Public Mobilization and Statistics showed that Egypt’s trade deficit narrowed in May. Specifically, the trade deficit fell by 35.8 percent to US$2.61bn in May 2022, compared to US$4.06bn in the same month of 2021. A breakdown of the data showed that the narrowing resulted from an increase in outbound shipments and a fall in imports. Exports jumped 18.3 percent y/y to US$4.01bn in May amid an increase in the value of exports, including petroleum and natural gas products, crude oil, fertilizers, and ready-made clothing. Meanwhile, the value of imports amounted to US$6.62bn in May, falling by 11 percent from US$7.45bn in the corresponding month in 2021. While the trade balance reading improved, the account remains in deficit territory, which will detract from the current account and, by extension, the currency.

Navigation

  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

Recent News

  • Mogwe is Rewriting the Rules of Storytelling in the Digital Age
  • PrimeTime dismisses RDC offer as value destruction
  • DRC deal could offer a lifeline to Red Zone beef
  • ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ
  • Gov’t Moves to Regulate Medical Aid Funds

Site

  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition

ยฉ 2021 The Business Weekly & Review. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

ยฉ 2021 The Business Weekly & Review. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?