Latest news with #CentralBankOfEgypt
Zawya
a day ago
- Business
- Zawya
Egypt's external debt service rises 37% YoY in H1 FY2024/25
Egypt's external debt service rose 37% year on year (YoY) in the first half (H1) of the current fiscal year (FY) to $21.3 billion, according to data released by the Central Bank of Egypt (CBE). In H1 of FY 2023/2024, external debt service amounted to $15.5 billion The increase was largely driven by principal repayments, which reached $17.1 billion, and interest payments that registered $4.2 billion. Meanwhile, the external debt-to-GDP ratio recorded 42.9% at the end of 2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arab News
22-05-2025
- Business
- Arab News
Egypt central bank cuts key interest rates by 100 basis points, statement says
CAIRO: Egypt's central bank lowered its key interest rates by 100 basis points on Thursday, its second rate cut in 2025 after keeping rates unchanged for a year.
