Monetary Policy Review for Egypt and Chile as on 16th October 2014Chile Central cuts its Monetary Policy Rate to 3.0% as on 16th October 2014

Chile Central cuts its Monetary Policy Rate
to 3.0% as on 16th October 2014

Egypt Central Bank holds Rate at 9.25% as on 16th October 2014

#MonetaryPolicyReview for #Egypt and #Chile as on 16th October 2014

The #CentralBankOfEgypt maintains Benchmark #OvernightDeposit Rate at 9.25% per annum as on 16th October 2014 . .
Data released by The Central Bank of Egypt.

The #CentralBankOfChile cuts its #MonetaryPolicyRate by 25 Basis Points to 3.00% per annum as on 16th October 2014.
Data compiled and released by Central Bank of Chile

#BancoCentralDeChile #Chile #MPR #MonetaryPolicy #CBE #Egypt

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Monetary Policy Review for Korea , Serbia , Egypt and Chile for 15th and 16th October 2014

Chile Central cuts its Monetary Policy Rate
to 3.0% as on 16th October 2014

Egypt Central Bank holds Rate at 9.25% as on 16th October 2014

Korea Central Bank holds Rate as on 15th October 2014

National Bank of Serbia maintains Monetary Policy Rate as on 16th October 2014

#MonetaryPolicyReview for #Korea #Serbia #Egypt and #Chile for 15th and 16th October 2014

#BankOfKorea cuts its #BaseRate by 25 #BasisPoints to 2.0% per annum as on 15th October 2014
Data compiled and released by Bank of Korea

#NationalBankOfSerbia maintains its #PolicyRate at 8.5% per annum as on 16th October 2014.
Data compiled and released by National Bank of Serbia.

The #CentralBankOfEgypt maintains Benchmark Overnight Deposit Rate at 9.25% per annum as on 16th October 2014 . .
Data released by The Central Bank of Egypt.

The #CentralBankOfChile cuts its #MonetaryPolicyRate by 25 Basis Points to 3.00% per annum as on 16th October 2014.
Data compiled and released by Central Bank of Chile

#BancoCentralDeChile #Chile #MPR #NBS #Serbia #MonetaryPolicy #NarodonaBankaSrbije
#SouthKorea #BOK #CentralBankOfKorea #MonetaryPolicy #CBE #Egypt

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Egypt Central Bank maintains Interest rates, sees limited inflation risks - Central Bank News

27th February 2014

Egypt's central bank held its main policy rates steady, including the benchmark overnight deposit rate at 8.25 percent, saying "pronounced downside risks to domestic GDP combined with the persistently negative output gap since 2011 will limit upside risks to the inflation outlook going forward."
    The Central Bank of Egypt (CBE), which has held rates steady this year after cutting by 100 basis points in 2013, said downside risks to the global economy from the challenges facing the euro area and softening growth in emerging markets could pose risks to the domestic economy.
    Egypt's economy has remained weak since political uprisings in 2011 and in the third quarter of 2013 - the first quarter of the 2013/14 fiscal year - Gross Domestic Product expanded by only 1.04 percent from the same 2012 quarter. It was the seventh quarter in a row with declining growth. In the 2012/13 fiscal year, Egypt's economy grew by 2.1 percent.
   The lack of economic growth is leading to high unemployment and in the fourth quarter of 2013 the unemployment rate was steady at 13.4 percent from the third quarter, highs not seen for decades.
    The economy was characterized by modest growth in manufacturing and construction while tourism and petroleum sectors declined in the first fiscal quarter.

    "Investment levels remained low given the heightened uncertainty that faced market participants since early 2011 and weak credit growth to the private sector," the CBE said.
    The CBE said upside risks to inflation had continued to ease as international food prices were unlikely to rise due to recent global developments and it projects inflation will ease in coming months.
    Egypt's headline inflation rate declined to 11.4 percent in January from 11.7 percent in December and November's 12.97 percent, a high for 2013 and the highest since February 2009.
    Core inflation also eased to 11.7 percent in January from 11.9 percent in December.
    Economists had expected the central bank to maintain rates, following a surprise rate cut in December to boost growth.

Egypt maintains rates, sees limited inflation risks - Central Bank News

Egypt Central Bank holds interest rates steady

 Egypt's central bank held its benchmark overnight deposit rate steady at 9.75 percent, along with its other main rates, and said it would soon issue a policy statement.
    The overnight lending rate was maintained at 10.75 percent and the rate of the Central Bank of Egypt's (CBE) main operation at 10.25 percent along with the discount rate at 10.25 percent.
    The CBE raised its rate by 25 basis points in April to fend off inflationary pressures but held rates steady in May to give its rate hike time to take effect.
    Egypt's headline inflation rate was largely steady in May, with prices up 8.2 percent from 8.1 percent in April.
    Last week, the governor of the central bank said the government was in the late stages of verifying its economic reform program with the International Monetary Fund before receiving a $4.8 billion loan that is needed to stabilise the country's balance of payments and state finances.

Egypt holds interest rates steady - Central Bank News

For more details log on to Central Bank of Egypt website : http://www.cbe.org.eg/English/