10 May 2010
(MENAFN) The Egyptian Central Agency for Public Mobilization and Statistics said that the country’s urban inflation eased to 11.4 percent in April, down from 12.2 percent in March, Bloomberg reported.
The central bank kept its benchmark interest rates unchanged on May 6 for the fifth straight meeting, citing subdued inflationary pressures. The bank meets again on June 17.
In its May 6 statement, the central bank said the current level of interest rates was appropriate to support economic growth, while maintaining price stability in the medium term.
Driven mainly by tourism and construction, Egypt?s economy expanded at a 5 percent annual rate in the last quarter of 2009. The government expects a growth rate of more than 5 percent in the fiscal year that ends in June, compared with 4.7 percent the previous year.
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more