ACCESS Newswire

Latest News

Egypt’s central bank keeps its policy rate corridor at 19%-20% after its August meeting. According to official data, urban headline inflation increased to 14.9% in July from 14.3% in June. Core inflation, as calculated by the CBE, also rose from 14.3% to 14.7% during the same period. On a monthly basis, both headline and core inflation showed no change in July. The Central Bank of Egypt attributed the higher annual figures to adverse base effects.