International Reserves in Egypt
Egypt - International Reserves
Economic growth appeared to marginally slow in the first quarter of fiscal year 2020, which ended in September. The non-oil private sector PMI in the first quarter averaged slightly below the reading for the previous quarter and remained a whisker below the 50-threshold that separates contraction from expansion, largely due to both decreasing output and new orders. On a brighter note, however, bank lending to the private sector continued to grow at a strong year-on-year pace in July, suggesting that fixed investment growth will help cushion any slowdown. Moreover, government spending excluding interest payments increased annually in July; and this trend likely continued throughout Q1, given that the government’s FY 2020 budget is larger than its budget for last year. Meanwhile, anti-government protests that sprung up in various cities in September appear to have fizzled out, reducing risks of economic disruption in the second quarter.Egypt - International Reserves Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 15.0 | 16.7 | 20.1 | 17.6 | 31.3 |
Egypt International Reserves Chart
Source: Central Bank of Egypt and FocusEconomics calculations.
Egypt Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 14.50 | 0.0 % | Sep 04 |
| Exchange Rate | 16.52 | 0.0 % | Sep 04 |
| Stock Market | 1,376 | 0.53 % | Sep 04 |
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Economic News
Egypt: Central Bank cuts rates in November after inflation nosedives in October
November 14, 2019
The Central Bank of Egypt (CBE) slashed interest rates by one percentage point at its monetary policy meeting on 14 November, as had been broadly expected by market analysts.
Egypt: Economic growth remains robust despite slowing slightly in Q1 FY 2020
November 14, 2019
The economy expanded 5.6% in the first quarter of FY 2020, which ran from July to September, from the same period a year earlier.
Egypt: Inflation slows to a 14-year low in October
November 11, 2019
Consumer price growth in month-on-month terms accelerated to 1.0% in October from September’s flat reading.
Egypt: Non-oil private sector PMI decreases in October
November 5, 2019
The Purchasing Managers’ Index (PMI), which measures business activity in the non-oil private sector, decreased to 49.2 in October from 49.5 in September.
Egypt: Inflation slows to a near seven-year low in September
October 10, 2019
Consumer price growth in month-on-month terms was flat in September, down from 0.7% in August.
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