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The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is anticipated to convene on Thursday — for the fourth time in 2021 — to review the key interest rates in light of the domestic and global economic updates, amid expectations that the CBE will not introduce new cuts.
Egypt’s annual headline inflation rate accelerated to 4.9 percent in May, up from 4.4 percent in April, owing to the recent preventative measures against the coronavirus and the increase in prices of vegetables and fresh fruits, according to the Central Bank of Egypt (CBE).
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Wednesday to keep the current interest rates unchanged for the third time in a row in 2021.
Swedish home furnishing brand IKEA, in collaboration with Al-Futtaim Group company Marakez, opened its second store in Egypt at Mall of Arabia, according to the company’s recent statement.
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