{"id":46398,"date":"2014-01-16T12:11:05","date_gmt":"2014-01-16T17:11:05","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=46398"},"modified":"2014-01-16T12:11:05","modified_gmt":"2014-01-16T17:11:05","slug":"egypt-holds-rate-steady-sees-limited-inflation-risks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/16\/egypt-holds-rate-steady-sees-limited-inflation-risks\/","title":{"rendered":"Egypt holds rate steady, sees limited inflation risks"},"content":{"rendered":"<p>By <a href=\"http:\/\/ift.tt\/1iP0FNb\"><u>CentralBankNews.info<\/u><\/a><br \/>\n&nbsp; &nbsp; Egypt&#8217;s central bank held its key interest steady, as expected, saying the current rates were appropriate &#8220;given the mixed balance of risks surrounding the inflation outlook and the GDP outlooks at this juncture.&#8221;<br \/>&nbsp; &nbsp; The Central Bank of Egypt (CBE), which surprised economists by cutting its rate in December, also said it saw limited risks to inflation due to weak economic growth.<br \/>&nbsp; &nbsp; &nbsp;&#8220;The 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.&#8221;<br \/>&nbsp; &nbsp; The CBE, which cut rates by 100 basis points in 2013, underscored its determination to boost economic growth despite inflationary pressures with its December rate cut.<br \/>&nbsp; &nbsp; Egypt&#8217;s inflation rate eased to 11.7 percent in December from an almost-four-year high of 12.97 percent in November. Core inflation was steady at 11.91 percent from 11.95 percent in November.<\/p>\n<div><\/div>\n<p>&nbsp; &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info &nbsp; &nbsp; Egypt&#8217;s central bank held its key interest steady, as expected, saying the current rates were appropriate &#8220;given the mixed balance of risks surrounding the inflation outlook and the GDP outlooks at this juncture.&#8221;&nbsp; &nbsp; The Central Bank of Egypt (CBE), which surprised economists by cutting its rate in December, also said &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/16\/egypt-holds-rate-steady-sees-limited-inflation-risks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Egypt holds rate steady, sees limited inflation risks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-46398","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=46398"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46398\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=46398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=46398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=46398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}