inflation

Egypt announces flotation of Egyptian pound on Thursday
Economy

Egypt announces flotation of Egyptian pound on Thursday

The Central Bank of Egypt (CBE) issued a statement, on Thursday morning, announcing reform measures to ensure macroeconomic stability and…
CBE withdraws LE100 billion of liquidity for 6th time in a month
Business

CBE withdraws LE100 billion of liquidity for 6th time in a month

Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
It now costs more than $300,000 to raise a child, thanks to inflation
Life & Style

It now costs more than $300,000 to raise a child, thanks to inflation

New York (CNN) – Soaring inflation has made almost everything more expensive. And it has significantly increased the cost of…
Senior economist expects IMF loan to Egypt to be approved soon
Business

Senior economist expects IMF loan to Egypt to be approved soon

Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…
UK inflation exceeds 10% as bread and milk prices soar
World

UK inflation exceeds 10% as bread and milk prices soar

(CNN Business) –  Inflation in the United Kingdom hit a new 40-year high last month, rising above 10% for the…
CBE decision to fix interest rate contradicts expectations: expert
Business

CBE decision to fix interest rate contradicts expectations: expert

 The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international…
Argentina hikes interest rates to 69.5% as inflation hits 20-year high
World

Argentina hikes interest rates to 69.5% as inflation hits 20-year high

Buenos Aires – Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country…
Rail strikes and labor shortages are hurting UK economy
World

Rail strikes and labor shortages are hurting UK economy

London (CNN Business)The United Kingdom has a jobs problem. There just aren’t enough workers to keep its economy moving forward, and many employees…
World has to work together to tackle inflation, energy crisis – Biden
World

World has to work together to tackle inflation, energy crisis – Biden

US President Joe Biden said Friday the whole world must work together to tackle inflation and mitigate the fallout of…
US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years
Business

US Federal Reserve hikes interest rates 75 basis points, biggest jump in 28 years

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive…
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