Homeowner Defaults Surge as Rate Hikes Hit UK Housing
Hundreds of British homeowners have lost their properties to bank repossessions this year as rising interest rates squeeze debt payments, new figures show, Invest-Gate reports.
Higher Interest Rates to Slow Down Dubai’s Real Estate Market in 2023
Experts speculate that the market is expected to post a steady growth of up to 5% in 2023, down from 11% in 2022.
CBE Hikes Interest Rates by 200 Bps
Egypt works on intensifying its reform agenda and maintaining sustainable growth.
CBE Leaves Rates on Hold for 3rd Time in a Row
The Central Bank of Egypt (CBE) has left interest rates stationary for the third consecutive meeting, citing lowered inflation rates, enhanced global financial conditions, and expectations of an economic recovery. ...
CBE Expands EGP 100 bn Initiative to Contractors
The Central Bank of Egypt (CBE) has decided to broaden the base of beneficiaries of its EGP 100 bn industry stimulus initiative to include the contracting sector.
CBE Leaves Interest Rates Unchanged in December
The Central Bank of Egypt (CBE) decided to maintain the overnight deposit rate at 12.25%, while the overnight lending rate remained unchanged at 13.25%
CBE Makes 3rd Interest Rate Cut Amid Low Inflation Rates
The Central Bank of Egypt (CBE) has made the third consecutive cut to key rates by 1%, a step coming shortly after the annual headline inflation rate hit its lowest level in 14 years and logged 3.1% in October, co ...
Headline Inflation Falls in September to Ease More Interest Cuts
Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and chart ...
CBE Makes 2nd Consecutive Cut to Interest Rates
The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soa ...
CBE Cuts Interest Rates for 1st Time in 6M
The Central Bank of Egypt (CBE) announced that the Monetary Policy Committee (MPC) has decided to cut interest rates by 150 basis points, marking the first cut in six months or since February
