Central Bank of Egypt

MPC maintains key policy rates for first time since March

For Q1 2022, domestic economic activity saw a slowed pace of expansion, registering a preliminary growth of 5.4%, compared to 8.3% in Q4 of 2021 (the second highest real GDP growth rate since Q3 2002)

MPC raises key policy rates by 200 basis points against continued global challenges

Until the start of the Russia/Ukraine conflict, Egypt’s MPC had not changed interest rates for 10 consecutive meetings

Remittances rise 12.8% in March 2022 | CBE

In 2021, remittances were at the highest level ever recorded, witnessing an incline of 6.4% compared to 2020, recording $31.5 billion, up from $29.6 billion

CBE joins international network as part of state efforts towards green economy

NFGS currently has 114 members from supervisory bodies of various financial and banking sectors across the world

CBE to announce issuance of digital banking licenses in “next few weeks”

Banks have been waiting for the new licenses since 2020, when President Abdel Fattah Al-Sisi ratified a law regulating the Central Bank and the country’s banking system