{"id":59458,"date":"2014-08-28T09:14:32","date_gmt":"2014-08-28T13:14:32","guid":{"rendered":"http:\/\/countingpips.com\/?p=59458"},"modified":"2014-08-28T09:22:43","modified_gmt":"2014-08-28T13:22:43","slug":"egypt-pushes-back-policy-meeting-to-monday-sept-1","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/egypt-pushes-back-policy-meeting-to-monday-sept-1\/","title":{"rendered":"Egypt pushes back policy meeting to Monday, Sept. 1"},"content":{"rendered":"
August 28, 2014<\/div>
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By CentralBankNews.info<\/u><\/a><\/p>\n

    <\/span>The Central <\/span><\/span>Bank<\/span> of Egypt (CBE) has changed the date for the meeting of its Monetary Policy Committee to Monday, Sept. 1 from Thursday, Aug. 28.<\/span><\/span><\/div>\n
    The central bank did not provide any reason for the adjustment in a brief statement.<\/span><\/span><\/div>\n
    At its previous meeting on July 17, the CBE surprised financial markets by raising its key interest rates by 100 basis points in a preemptive move to anchor inflation expectations and limit a general increase in prices <\/span><\/span>following<\/span> the government’s price increase on several regulated items, including fuel, electricity and tobacco, as part of its plan to reduce budged deficits.<\/span><\/span><\/div>\n
    Egypt’s headline <\/span><\/span>inflation<\/span> rate jumped to 10.61 percent in July from 8.2 percent and the core <\/span><\/span>inflation<\/span> rate rose to 9.35 percent from 8.76 percent.<\/span><\/span><\/div>\n
    In addition to raising the benchmark overnight deposit rate by 100 basis points to 9.25 percent, the CBE last month <\/span><\/span>also<\/span> raise the overnight lending rate to 10.25 percent, the rate on its main operation to 9.75 percent and the discount rate to 9.75 percent.<\/span><\/span><\/div>\n

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    www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

By CentralBankNews.info     The Central Bank of Egypt (CBE) has changed the date for the meeting of its Monetary Policy Committee to Monday, Sept. 1 from Thursday, Aug. 28.     The central bank did not provide any reason for the adjustment in a brief statement.     At its previous meeting on July 17, the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59458","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59458"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59458\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}