CBE holds interest rates steady for third consecutive time

☀️ Good morni ng, friends, and happy weekend.

But first, your weekly recap…

🗞️ LAST WEEK IN 3 MINS

The Monetary Policy Committee decided to leave interest rates unchanged statement polled by

“This decision reflects the Committee’s assessment of current inflation dynamics and the evolving outlook since the previous MPC meeting

This comes as the a nnual urban inflation eased for a third consecutive month in June falling 0.3 percentage points

AND- Egypt’s net international reserves rose USD 1.94 bn in June to a new record of USD 55.07 bn

ALSO - Egyptians abroad sent home USD 43.1 bn in the first 11 months of FY 2025/26 (July-May)

The CBE is laying the groundwork for what could become its most ambitious monetary project yet — the digital EGP.

AND- CIB has raised the rate on its three-year fixed “Premium” certificate by 50 bps to an 18% annual return.

We are returning to the quarterly automatic fuel-pricing mechanism this quarter. resume reviewing prices

The CBE is tightening the rules on bank investments in corporate and securitization bonds

AND- The Financial Regulatory Authority has put NBFI company Smart & Value on its list of violators.

Owners of furnished rental units who want to rent to tourists have one year to license them with the Tourism Ministry. issued last year

🌍 AROUND THE WORLD IN SEVEN DAYS

This week’s headlines were dominated by the collapse of the fragile Iran ceasefire

The US-Iran truce fell apart on Wednesday

Strikes continued into a second straight day on Thursday immediate response

The Ankara summit doubled as a defense-spending showcase

MEANWHILE- Goldman Sachs captured 44% agreed to buy Amazon plans to raise USD 25 bn is cutting 4.8k jobs

ALSO- hit central Damascus

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☀️ THE WEATHER THIS WEEKEND

If your weekend plans involve being outdoors, plan accordingly.

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