THE WEEKLY ISSUE 28 8 TH AUGUST, 2017 TRADE DEFICIT DECLINES IN THIS ISSUE

Size: px
Start display at page:

Download "THE WEEKLY ISSUE 28 8 TH AUGUST, 2017 TRADE DEFICIT DECLINES IN THIS ISSUE"

Transcription

1 TRADE DEFICIT DECLINES Egypt s Trade and Industry Ministry Declared that the country s trade deficit for the first half of 2017 declined by 46% to USD13 billion compared to the same period last year. Imports declined by 30% (Y/Y) to USD24 billion due to imposing restrictions on imports and floating the Egyptian Pound, which increased the cost of importation. On the other hand, exports increased by 8% (Y/Y) to USD11 billion. Foreign trade improved due to the ministry s efforts to limit the import of low-quality products, ration imports and increase reliance on local production Tarek Kabil Trade And Industry Minister Reuters 3 rd August 2017 IN THIS ISSUE FDIs Are Expected To Rise Industrial Projects In The Suez Canal Zone Egypt Plans To Issue Eurobonds In 2018 External Debt Increases Egypt s Budget Deficit Declines Suez Canal Revenues Slightly Increased 1

2 The International Co-operation and Investment Ministry declared that Foreign Direct Investments (FDIs) are expected to rise to about USD8.7 billion in FY 2016/17, compared to about USD6.9 billion recorded in the previous year. The Ministry added that FDIs are expected to exceed USD10 billion in the current fiscal year. Petroleum Minister, Tarek EL-Molla, stated that Egypt s state-owned General Petroleum Company (EGPC) achieved an unprecedented level of production of 57,000 barrels of equivalent oil per day. This increase is attributed to the discoveries of two new fields, with a production of 3,000 barrels of crude oil per day and 1.5 million cubic feet of gas. EGPC is currently implementing a plan to reach a production rate of 60,000 barrels of equivalent oil per day by the end of this year Tarek El-Molla Petroleum Minister Ahram Online 1 st August 2017 Prime Minister, Sherif Ismail, witnessed the signing of different investment agreements to establish industrial projects in the Suez Canal Economic Zone. The projects include an agreement with businessman Ahmed Abu-Hashima to initiate a USD5.5 billion iron factory in the region. Raya Manufacturing and Logistics Company also signed an agreement to obtain 300,000 square metres of land in the south of the Economic Zone to build a coal store, a wheat mill, a pasta factory and a light-transportation assembly line. The factory, due to open in December, will produce nearly 830,000 tons of pallet iron and 550,000 tons of reinforced iron. It will provide up to 6,000 direct and indirect jobs Ahmed Abu-Hashima Egyptian Businessman Ahram Online 1 st August 2017 The Finance Minister, Amr El-Garhy, declared that Egypt plans to issue USD2-USD4 billion Eurobonds in the first quarter of Egypt sold USD7 billion bonds earlier this year, trying to diversify its sources of foreign currency. 2

3 The United Nations World Tourism Organization considered Egypt as the second-fastest-growing tourist destination globally, where a number of tour operators indicated a 60% increase in demand for trips to Egypt. Egypt s tourism sector has been suffering since the crash of a Russian plane over Sinai, yet there have been many signs of recovery witnessed in the last few months. The Central Egypt (CBE) stated that the country s external debt reached USD73.9 billion in March 2017, increasing by about 32.5%, compared to July The rise mainly stemmed from the net increase in loans by USD19 billion. The Finance Ministry declared that the budget deficit for the first 11 months of FY 2016/17 declined to 9.5% of GDP compared to 11.5% in the same period last year. This is mainly because the government s revenues, especially tax revenues (+33.3%), moved up in a faster pace than expenditures during that period. The chairman of the Suez Canal Authority, Mohab Mamish, declared that Suez Canal revenues slightly rose to USD2.938 billion during the first 7 months of 2017, compared to USD2.919 billion recorded in the same period last year. The US Dollar has been weakening against the Egyptian Pound since the beginning of July by 1.7%, reaching EGP17.79 on the 7 th of August compared to EGP This development comes in line with the improvement of the Net International Reserves that exceeded USD36 billion for the first time since USD/EGP

4 EGYPT AT GLANCE EXCHANGE RATES USD TH JUL EUR STERLING POUND Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 EGP per USD EGP per Euro EGP per Pound Sterling STOCK MARKET 16,000 14,000 13,638 EGX30 13,638 EGX , TH JUL 17 13, , , ,000 10,000 8,000 6,000 4,000 EGX100 1,616 1,593 1, ,000 0 T-BILLS AUCTION AUCTION DATE 6 TH AUG 17 3 RD AUG 17 6 TH AUG 17 INTEREST RATES GLOBAL COMMODITY PRICES MATURITY (DAYS) TH JUL 17 AVERAGE YIELD (%) RD AUG OVERNIGHT DEPOSIT RATE OVERNIGHT LENDING RATE CORRIDOR RATE *AT JULY 2017 BRENT CUDE* GOLD** WHEAT*** 1, *USD/BARELL **USD/OUNCE SOURCE: BLOOMBERG **AT MAY 2017 CURRENT* 18.75% 19.75% 19.25% , , **USD/BU PREVIOUS** 16.75% 17.75% 17.25% , , CONSUMER PRICE INDEX AND MAJOR COMPONENTS HEADLINE- ALL ITEMS FOOD AND BEVERAGES TOBACCO AND RELATED PRODUCTS CLOTHING AND FOOTWEAR HOUSING, WATER, ELECTRICITY AND GAS WEIGHT IN BASKET % FURNISHINGS AND HOUSEHOLD EQUIPMENT 3.77% MEDICAL CARE TRANSPORTATION COMMUNICATIONS RECREATION AND CULTURE EDUCATION HOTELS, CAFES AND RESTAURANTS MISCELLANEOUS GOODS AND SERVICES 100% 39.92% 2.19% 5.41% 18.37% 6.33% 5.68% 3.12% 2.43% 4.63% 4.43% 3.73% JUN 2016 JUN 2017 Y/Y (INDEX) (JANUARY 2010=100) % % 33.88% 29.69% 7.70% 28.20% 12.66% 25.88% 1.77% 48.29% 12.32% 24.48% 31.92% 4

5 ALEXBANK RESEARCH... SHARING KNOWLEDGE 5 Kom EL-Shokafa Monuments, Alexandria Copyright Notice. The Weekly is a publication of ALEXBANK. No part of this publication may be reproduced or duplicated without the prior consent of ALEXBANK. This publication constitutes a summary of published news, quotes 4and economic indicators. This material does not constitute analytical economic research nor should be treated as such. All charts and graphs are from publicly available sources or proprietary data. Any views expressed in this publication do not necessarily reflect the opinion of ALEXBANK. The news, views and quotes within this publication are gathered from sources deemed to be reliable but which have not been independently verified. ALEXBANK does not make any guarantee to the accuracy or reliability of such information. AlexBank shall not be liable for any losses or damages incurred or suffered as a result of using its publications in part or in their entirety.

THE WEEKLY ISSUE 44 4 TH DECEMBER 2017 NEW REGULATIONS BY THE CENTRAL BANK IN THIS ISSUE

THE WEEKLY ISSUE 44 4 TH DECEMBER 2017 NEW REGULATIONS BY THE CENTRAL BANK IN THIS ISSUE NEW REGULATIONS BY THE CENTRAL BANK The Central Egypt (CBE) decided to lift limits on deposits and withdrawals of foreign currency for companies importing non-essential goods as of the 28 th of November

More information

THE WEEKLY ISSUE 9 26 TH FEBRUARY 2018 MOODY S: AMENDMENTS TO THE CAPITAL MARKETS LAW ARE CREDIT POSITIVE IN THIS ISSUE

THE WEEKLY ISSUE 9 26 TH FEBRUARY 2018 MOODY S: AMENDMENTS TO THE CAPITAL MARKETS LAW ARE CREDIT POSITIVE IN THIS ISSUE MOODY S: AMENDMENTS TO THE CAPITAL MARKETS LAW ARE CREDIT POSITIVE Moody s Credit Rating Agency announced in its recent Credit Outlook report that the recently approved amendments to the Capital Markets

More information

THE WEEKLY EL-SISI IN WASHINGTON IN THIS ISSUE ISSUE 13 6 TH APRIL, 2017

THE WEEKLY EL-SISI IN WASHINGTON IN THIS ISSUE ISSUE 13 6 TH APRIL, 2017 EL-SISI IN WASHINGTON President Abdel Fattah El-Sisi started on the 1 st of April an official visit to the United States (US), marking the first visit to the US by an Egyptian President since 2009, as

More information

THE WEEKLY ISSUE TH DECEMBER 2017 VLADIMIR PUTIN VISITS EGYPT IN THIS ISSUE

THE WEEKLY ISSUE TH DECEMBER 2017 VLADIMIR PUTIN VISITS EGYPT IN THIS ISSUE VLADIMIR PUTIN VISITS EGYPT Russian President Vladimir Putin held talks with President Abdel Fattah Al-Sisi last Monday in Cairo, where they discussed the bilateral relations between the two countries

More information

THE WEEKLY BALANCE OF PAYMENTS RECORDS A SURPLUS IN THIS ISSUE ISSUE 9 9 TH MARCH, 2017

THE WEEKLY BALANCE OF PAYMENTS RECORDS A SURPLUS IN THIS ISSUE ISSUE 9 9 TH MARCH, 2017 BALANCE OF PAYMENTS RECORDS A SURPLUS The Central Egypt (CBE) revealed that Egypt s Balance Of Payments (BOP) recorded a surplus of USD7 billion in Jul./Dec. 2016/17 against an overall deficit of USD 3.4

More information

THE WEEKLY ISSUE TH DECEMBER 2017 THE IMF COMPLETES THE SECOND REVIEW OF EGYPT S REFORM PROGRAM IN THIS ISSUE

THE WEEKLY ISSUE TH DECEMBER 2017 THE IMF COMPLETES THE SECOND REVIEW OF EGYPT S REFORM PROGRAM IN THIS ISSUE THE IMF COMPLETES THE SECOND REVIEW OF EGYPT S REFORM PROGRAM The International Monetary Fund (IMF) completed the second review of Egypt s reform program. The completion of the review allows the authorities

More information

THE WEEKLY ISSUE 40 6 TH NOVEMBER 2017 EGYPT LAUNCHES THE INDUSTRIAL INVESTMENT MAP IN THIS ISSUE

THE WEEKLY ISSUE 40 6 TH NOVEMBER 2017 EGYPT LAUNCHES THE INDUSTRIAL INVESTMENT MAP IN THIS ISSUE EGYPT LAUNCHES THE INDUSTRIAL INVESTMENT MAP Egypt launched its first comprehensive industrial investment map, including 4,136 investment opportunities in 8 sectors across various governorates, with the

More information

THE WEEKLY ISSUE 19 7 TH MAY 2018 INCLUSIVE GROWTH AND JOB CREATION CONFERENCE IN THIS ISSUE

THE WEEKLY ISSUE 19 7 TH MAY 2018 INCLUSIVE GROWTH AND JOB CREATION CONFERENCE IN THIS ISSUE INCLUSIVE GROWTH AND JOB CREATION CONFERENCE The Central Egypt (CBE), Egypt s Finance Ministry and the International Monetary Fund (IMF) organized the Inclusive Growth and Job Creation Conference in Cairo

More information

THE WEEKLY ISSUE TH APRIL 2018 A PRELIMINARY STATEMENT FOR FY2018/19 BUDGET IN THIS ISSUE

THE WEEKLY ISSUE TH APRIL 2018 A PRELIMINARY STATEMENT FOR FY2018/19 BUDGET IN THIS ISSUE A PRELIMINARY STATEMENT FOR FY2018/19 BUDGET The Egyptian government released a preliminary statement, showing the main components and targets of its budget for FY2018/19, which is currently being discussed

More information

THE WEEKLY EGYPT S BALANCE OF PAYMENTS RECORDS A SURPLUS IN THIS ISSUE... Thursday A WORLD OF REAL POSSIBILITIES

THE WEEKLY EGYPT S BALANCE OF PAYMENTS RECORDS A SURPLUS IN THIS ISSUE...  Thursday A WORLD OF REAL POSSIBILITIES THE WEEKLY Thursday 12 th Jan. 2017 Issue #1 EGYPT S BALANCE OF PAYMENTS RECORDS A SURPLUS Egypt s Balance of Payments ran an overall surplus of USD1.9 billion during Q1 FY 2016/17 (Jul-Sep 2016) versus

More information

THE WEEKLY TERRORIST ATTACKS ON COPTIC CHURCHES IN THIS ISSUE ISSUE TH APRIL, 2017

THE WEEKLY TERRORIST ATTACKS ON COPTIC CHURCHES IN THIS ISSUE ISSUE TH APRIL, 2017 TERRORIST ATTACKS ON COPTIC CHURCHES Two Coptic churches in Egyptian governorates, Tanta and Alexandria, were attacked by suicide bombers on Palm Sunday festival, where 48 people were killed, including

More information

THE WEEKLY EGYPT S NET INTERNATIONAL RESERVES DECLINE

THE WEEKLY EGYPT S NET INTERNATIONAL RESERVES DECLINE THE WEEKLY Thursday Issue # 31 EGYPT S NET INTERNATIONAL RESERVES DECLINE The Central Bank of Egypt (CBE) announced that Net International Reserves (NIR) dropped by 11.5% to USD15.54 billion at the end

More information

THE WEEKLY INTERNATIONAL MONETARY FUND LOAN TO EGYPT IS UNDERWAY

THE WEEKLY INTERNATIONAL MONETARY FUND LOAN TO EGYPT IS UNDERWAY THE WEEKLY Thursday Issue # 29 INTERNATIONAL MONETARY FUND LOAN TO EGYPT IS UNDERWAY Egypt s Cabinet declared in a statement, on the 26 th of July, that it is in final stages of agreeing on a 3-year loan

More information

Annual Isuue 2016 THE WEEKLY. 2016: The Year In Review.

Annual Isuue 2016 THE WEEKLY. 2016: The Year In Review. THE WEEKLY Annual Isuue 2016 2016: The Year In Review 1 2016: A YEAR OF FISCAL AND MONETARY REFORMS Egypt witnessed a series of landmark events during 2016 on key political and economic fronts. In early

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index December 2017 (Base year 2014) Consumer Price Index 1 Release Date: January 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index December 2016 (Base year 2014) Consumer Price Index 1 Release Date: January 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index July 207 (Base year 204) Consumer Price Index Release Date: Augest 207 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides

More information

SACU INFLATION REPORT. February 2018

SACU INFLATION REPORT. February 2018 SACU INFLATION REPORT February 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

SACU INFLATION REPORT. February 2017

SACU INFLATION REPORT. February 2017 SACU INFLATION REPORT February 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

SACU INFLATION REPORT. April 2018

SACU INFLATION REPORT. April 2018 SACU INFLATION REPORT April 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not

More information

SACU INFLATION REPORT. January 2018

SACU INFLATION REPORT. January 2018 SACU INFLATION REPORT January 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

SACU INFLATION REPORT. December 2017

SACU INFLATION REPORT. December 2017 SACU INFLATION REPORT December 20 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not

More information

SACU INFLATION REPORT. December 2018

SACU INFLATION REPORT. December 2018 SACU INFLATION REPORT December 201 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

SACU INFLATION REPORT. December 2014

SACU INFLATION REPORT. December 2014 SACU INFLATION REPORT December 2014 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

SACU INFLATION REPORT. February 2016

SACU INFLATION REPORT. February 2016 SACU INFLATION REPORT February 2016 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

THE WEEKLY NET FOREIGN DIRECT INVESTMENTS REBOUNDS IN THIS ISSUE... Thursday A WORLD OF REAL POSSIBILITIES

THE WEEKLY NET FOREIGN DIRECT INVESTMENTS REBOUNDS IN THIS ISSUE...  Thursday A WORLD OF REAL POSSIBILITIES THE WEEKLY Thursday Issue # 39 NET FOREIGN DIRECT INVESTMENTS REBOUNDS Egypt s net foreign direct investments rose significantly by 54.7 % (Y/Y) in Fiscal Year (FY) 2014/2015 to register $ 6.4 billion,

More information

SACU INFLATION REPORT. January 2017

SACU INFLATION REPORT. January 2017 SACU INFLATION REPORT January 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

SACU INFLATION REPORT. July 2018

SACU INFLATION REPORT. July 2018 SACU INFLATION REPORT July 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index uary 2018 (Base year 2014) Consumer Price Index 1 Release Date: uary 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index ruary 2018 (Base year 2014) Consumer Price Index 1 Release Date: March 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication

More information

SACU INFLATION REPORT. November 2018

SACU INFLATION REPORT. November 2018 SACU INFLATION REPORT November 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

Monthly Report July 2017

Monthly Report July 2017 Monthly Report July 2017 Egypt s Economic & Political Update Monthly Report July 2017 Page 1 FOREIGN POLICY & TRADE El Sisi attended the Egyptian-Hungarian business forum, where he invited companies to

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index Annual Report of 2016 (Base year 2014) Consumer Price Index 1 Release Date: March 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions 1. Consumer Price

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index 2018 (Base year 2014) Consumer Price Index 1 Release Date: Jun 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides

More information

Monetary Policy Report I / 2018

Monetary Policy Report I / 2018 Central Bank of Egypt Monetary Policy Report I / 218 Monetary Policy Report I / 218 Central Bank of Egypt Disclaimer The cut-off date for the data included in this report is May 17, 218. Some of the data

More information

SACU INFLATION REPORT. October 2018

SACU INFLATION REPORT. October 2018 SACU INFLATION REPORT October 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

Monthly Report May 2017

Monthly Report May 2017 Monthly Report May 2017 Egypt s Economic & Political Update Page 1 FOREIGN POLICY & TRADE President Abdel Fattah El Sisi visits the UAE, Kuwait, and Bahrain on his GCC tour Foreign Minister Sameh Shoukry

More information

The Financial Monthly

The Financial Monthly ARAB REPUBLIC OF EGYPT Ministry of Finance The Financial Monthly September 2016 VOLUME 11, NO. 11 Prepared by: Sara Eid Senior Economist - Chief Editor Assistant Director for Publications Ministry of Finance

More information

SACU INFLATION REPORT. February 2015

SACU INFLATION REPORT. February 2015 SACU INFLATION REPORT February 2015 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall

More information

Monetary Policy Report II / 2018

Monetary Policy Report II / 2018 ```````````` Central Bank of Egypt Monetary Policy Report II / 2 Monetary Policy Report II / 2 Central Bank of Egypt Disclaimer The cut-off date for the data included in this report is August 16, 2. Some

More information

Economic & Financial Indicators. November Banco de Cabo Verde

Economic & Financial Indicators. November Banco de Cabo Verde Economic & Financial Indicators November Banco de Cabo Verde Monetary Policy Report BANCO DE CABO VERDE Department of Economic Studies and Statistics Avenida Amílcar Cabral, 27 CP 7600-101 - Praia - Cabo

More information

Inflation Remains Tepid in November at 0.2% as Transport Cost Trending Downward

Inflation Remains Tepid in November at 0.2% as Transport Cost Trending Downward 19 December 2018 ECONOMIC REVIEW November 2018 Consumer Price Index Inflation Remains Tepid in November at 0.2% as Transport Cost Trending Downward Headline inflation back to near 4-year low. Consumer

More information

Consumer Price Index (Base year 2014) Consumer Price Index

Consumer Price Index (Base year 2014) Consumer Price Index Consumer Price Index y 2018 (Base year 2014) Consumer Price Index 1 Release Date: August 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides

More information

Namibia Consumer Price Index

Namibia Consumer Price Index Namibia Consumer Price Index June, 2016 Namibia Statistics Namibia Consumer Price Index:June, 2016 Agency 1 OUR MISSION In a coordinated manner produce and disseminate relevant, quality and timely statistics

More information

CONTENTS COMMENTARY CHARTS TABLES GLOSSARY. Section 1: Headline Inflation Section 2: Core Inflation

CONTENTS COMMENTARY CHARTS TABLES GLOSSARY. Section 1: Headline Inflation Section 2: Core Inflation COMMENTARY CONTENTS Section 1: Headline Inflation Section 2: Core Inflation CHARTS 1. National Rates of Inflation, January 2010 April 2013 2. Monthly Changes in the Cost-of-Living Index, January 2010 April

More information

1 RED September/October 2018 SEPTEMBER/OCTOBER 2018

1 RED September/October 2018 SEPTEMBER/OCTOBER 2018 1 RED September/October 20 SEPTEMBER/OCTOBER 20 2 RED September/October 20 MAJOR HIGHLIGHTS The country s annual consumer inflation grew by 0.2 percentage points to reach 5.1 per cent in September 20,

More information

State of Palestine Ministry of Finance. Fiscal Developments & Macroeconomic Performance: Fourth Quarter and Full year 2013 Report

State of Palestine Ministry of Finance. Fiscal Developments & Macroeconomic Performance: Fourth Quarter and Full year 2013 Report State of Palestine Ministry of Finance Fiscal Developments & Macroeconomic Performance: Fourth Quarter and Full year 2013 Report Macro Macro Fiscal Fiscal Unit Unit Oct February,, 2013 2014 Section 1:

More information

Monetary Policy Report September 2017

Monetary Policy Report September 2017 Central Bank of Egypt Monetary Policy Report September 217 Monetary Policy Committee Monetary Policy Report, September 217 Central Bank of Egypt Table of Content THE INITIAL CONDITIONS PAGE 2 THE OUTLOOK...

More information

Monetary Policy Report March 2017

Monetary Policy Report March 2017 Central Bank of Egypt Monetary Policy Report March 217 Monetary Policy Committee Monetary Policy Report, March 217 Central Bank of Egypt Central Bank of Egypt This document is the first Monetary Policy

More information

MONTHLY ECONOMIC REVIEW

MONTHLY ECONOMIC REVIEW October 218 a BANK OF TANZANIA MONTHLY ECONOMIC REVIEW October 218 b October 218 October 218 i Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices

More information

KGkh BANK OF TANZANIA MONTHLY ECONOMIC REVIEW

KGkh BANK OF TANZANIA MONTHLY ECONOMIC REVIEW KGkh BANK OF TANZANIA MONTHLY ECONOMIC REVIEW June 218 Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices of Food Crops... 2 2. Monetary and Financial

More information

Monetary Policy Report

Monetary Policy Report CENTRAL BANK OF THE GAMBIA Monetary Policy Report November 20 The Central Bank of The Gambia Monetary Policy Report provides summary of reports presented at the Monetary Policy Committee Meeting. It entails

More information

THE CBK WEEKLY BULLETIN

THE CBK WEEKLY BULLETIN December 30, 20 THE CBK WEEKLY BULLETIN Highlights for the Week Overall 12-month inflation eased from 19.7 percent in November 20 to 18.9 percent in December 20, while annual average inflation rose from

More information

CONSUMER PRICE INDEX JULY 2018 PRESS RELEASE

CONSUMER PRICE INDEX JULY 2018 PRESS RELEASE CONSUMER PRICE INDEX JULY 2018 PRESS RELEASE Released: 21 st August, 2018 @ 12: 00 noon Contact Persons: Abu Bakarr Turay Director, Economic Statistics Division Statistics Sierra Leone Mobile: +23276690948

More information

MONTHLY ECONOMIC REVIEW

MONTHLY ECONOMIC REVIEW March 218 a BANK OF TANZANIA MONTHLY ECONOMIC REVIEW March 218 b March 218 March 218 i Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices of Food

More information

The national monthly CPI (2008=100) increased from per cent in September, 2017 to per cent

The national monthly CPI (2008=100) increased from per cent in September, 2017 to per cent CONSUMER PRICE INDEX (CPI) October, 2017: PRESS RELEASE Released on Monday November 21, 2017 at 1:00 pm OCTOBER 2017 MONTHLY INFLATION RATE INCREASES SLIGHTLY The national monthly CPI (2008=100) increased

More information

Monthly Economic and Financial Developments February 2007

Monthly Economic and Financial Developments February 2007 Release Date: 3 April Monthly Economic and Financial Developments February In an effort to provide the public with more frequent information on its economic surveillance activities, the Central Bank has

More information

AsianBondsOnline WEEKLY DEBT HIGHLIGHTS

AsianBondsOnline WEEKLY DEBT HIGHLIGHTS AsianBondsOnline WEEKLY 9 January 7 asianbondsonline.adb.org Key Developments in Asian Local Currency Markets Consumer price inflation in Indonesia eased to.% year-on-year (y-o-y) in December from.6% y-o-y

More information

Headline and Core Inflation April 2018

Headline and Core Inflation April 2018 Apr-16 Apr-13 Jul-13 Oct-13 Jan-1 Apr-1 Jul-1 Oct-1 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Central Bank of Egypt Headline and Core Inflation April 218 Annual headline 1/ (urban) inflation continued

More information

SACU INFLATION REPORT. March 2015

SACU INFLATION REPORT. March 2015 SACU INFLATION REPORT March 2015 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not

More information

NOVEMBER 22, : MONTHLY INFLATION RATE INCREASES SIGNIFICANTLY

NOVEMBER 22, : MONTHLY INFLATION RATE INCREASES SIGNIFICANTLY CONSUMER PRICE INDEX (CPI) November, 2016: PRESS RELEASE Released on Thursday December 22, 2016 at 1:00 pm NOVEMBER 2016 MONTHLY INFLATION RATE INCREASES SIGNIFICANTLY The national monthly CPI (2008=100)

More information

MINISTRY OF NATIONAL PLANNING AND DEVELOPMENT REPUBLIC OF SOMALILAND Central Statistics Department OFFICIAL RELEASE

MINISTRY OF NATIONAL PLANNING AND DEVELOPMENT REPUBLIC OF SOMALILAND Central Statistics Department OFFICIAL RELEASE MINISTRY OF NATIONAL PLANNING AND DEVELOPMENT REPUBLIC OF SOMALILAND Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index September 20 Methodology This publication provides the monthly

More information

Major Highlights. Recent Economic Developments. September/October,2016. Central Bank of Swaziland 1

Major Highlights. Recent Economic Developments. September/October,2016. Central Bank of Swaziland 1 September/October,20 Major Highlights The country s headline inflation increased to 8.3 per cent in Septmber 20 from 8.0 per cent in August 20. Inflation rate (% y/y) 8.3 (Sep) Discount and prime rates

More information

Major Highlights. Recent Economic Developments April/May Central Bank of Swaziland 1

Major Highlights. Recent Economic Developments April/May Central Bank of Swaziland 1 Major Highlights Annual consumer inflation increased to 7.0 per cent in April 2017 from 6.0 per cent in March 2017. Inflation rate (% y/y) 7.0 (Apr) Discount and prime lending rates remained unchanged

More information

The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE

The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE ARAB REPUBLIC OF EGYPT Ministry of Finance The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE Prepared by: Hany Kadry Dimian Deputy Minister Ministry of Finance Towers

More information

Camarines Sur Consumer Price Index

Camarines Sur Consumer Price Index Inflation Rates (in Percent) Camarines Sur Consumer Price Index SR No. - 50 JULY Inflation rate in Camarines Sur increases to 6.4 percent in April The provincial headline inflation rate in Camarines Sur

More information

Namibia Consumer Price Index

Namibia Consumer Price Index Namibia Consumer Price Index March, 2016 Namibia Statistics Namibia Consumer Price Index: March, 2016 Agency 1 OUR MISSION In a coordinated manner produce and disseminate relevant, quality and timely statistics

More information

MONTHLY ECONOMIC REVIEW

MONTHLY ECONOMIC REVIEW February 218 a BANK OF TANZANIA MONTHLY ECONOMIC REVIEW February 218 b February 218 February 218 i Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices

More information

MONTHLY ECONOMIC INDICATORS

MONTHLY ECONOMIC INDICATORS MONTHLY ECONOMIC INDICATORS SEPTEMBER 0 Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENTS AND EXTERNAL SECTOR INDICATORS...

More information

REPUBLIC OF SOMALILAND MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT Central Statistics Department OFFICIAL RELEASE

REPUBLIC OF SOMALILAND MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT Central Statistics Department OFFICIAL RELEASE REPUBLIC OF SOMALILAND MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index April 2018 Methodology This publication provides the monthly

More information

Saudi Arabian Economy

Saudi Arabian Economy Saudi Arabian Economy Research Department ARC Research Team, Tel. +966 11 211 9370, devassyp@alrajhi-capital.com Saudi Arabian economy continued to expand in Q3 Saudi Arabian economy has continued to expand

More information

BANK OF TANZANIA. Monthly Economic Review

BANK OF TANZANIA. Monthly Economic Review BANK OF TANZANIA Monthly Economic Review February 2011 1 TABLE OF CONTENTS 1.0 Inflation Developments... 3 Food Supply Situation... 5 2.0 Monetary and Financial Markets Developments... 6 Money Supply and

More information

Inflation rate in Camarines Sur decreases to 5.1 percent in December 2017

Inflation rate in Camarines Sur decreases to 5.1 percent in December 2017 Inflation Rate (in Percent) [ Inflation rate in Camarines Sur decreases to 5.1 percent in ember Date of Release: January 11, 2018 Reference No. 2018-4 The provincial headline inflation rate in ember decreased

More information

Price and Inflation. Chapter-3. Global Inflation Scenario. Chart 3.1 National CPI inflation (12-month average : base FY06=100)

Price and Inflation. Chapter-3. Global Inflation Scenario. Chart 3.1 National CPI inflation (12-month average : base FY06=100) Global Inflation Scenario 3.1 Global inflation remained controlled in 1 while some commodity prices were still high. Decline in commodity prices, especially fuels and foods, has contributed to the decrease

More information

A Glance: About Multiples:

A Glance: About Multiples: About @ A Glance: This report is intended to shed light on general macroeconomic trends of four economies in the MENA region that could impact investors decisions and the financial performance of businesses.

More information

Headline and Core Inflation December 2010

Headline and Core Inflation December 2010 Headline and Core Inflation December 2010 Headline CPI published by CAPMAS on January 10, 2011 decelerated by 0.68 percent (m/m) in December following the 0.82 percent (m/m) decline in November. Despite

More information

REPUBLIC OF SOMALILAND

REPUBLIC OF SOMALILAND REPUBLIC OF SOMALILAND Ministry of National Planning & Development Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index October 2016 2016 Page 1 of 9 Consumer Price Index (CPI) October,

More information

1 RED June/July 2018 JUNE/JULY 2018

1 RED June/July 2018 JUNE/JULY 2018 1 RED June/July 20 JUNE/JULY 20 2 RED June/July 20 MAJOR HIGHLIGHTS Headline consumer inflation grew by 4.9 per cent in June 20 compared to 4.8 per cent recorded in May 20 Inflation rate (% y/y) 4.9 (June)

More information

Headline and Core Inflation March 2018

Headline and Core Inflation March 2018 Mar-16 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-1 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 Central Bank of Egypt Headline and Core Inflation March 218 Annual

More information

Headline and Core Inflation December 2017

Headline and Core Inflation December 2017 Dec-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-1 Jun-1 Sep-1 Dec-1 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Sep-16 Mar-17 Sep-17

More information

MONTHLY ECONOMIC INDICATORS

MONTHLY ECONOMIC INDICATORS MONTHLY ECONOMIC INDICATORS JULY Table of Contents 1. INFLATION... 2 2. MONEY, CREDIT AND INTEREST RATES... 6 3. REAL SECTOR INDICATORS... 9 4. BALANCE OF PAYMENT AND EXTERNAL SECTOR INDICATORS... 10 5.

More information

1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW

1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW 1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW April 2016 Contents 1.0 Inflation and Food Supply Situation... 1 1.1 Inflation Developments... 1 1.2 Food Supply Situation... 1 1.3 Prices of Food Crops...

More information

MONTHLY ECONOMIC INDICATORS

MONTHLY ECONOMIC INDICATORS MONTHLY ECONOMIC INDICATORS April 1 Monthly Economic Bulletin April Table of Contents 1. INFLATION...3 2. MONEY, CREDIT AND INTEREST RATES...7 3. REAL SECTOR INDICATORS...10 4. BALANCE OF PAYMENTS AND

More information

Daily News Report - March 29, 2018

Daily News Report - March 29, 2018 Interest Rates Exchange Rate Gold Brent Crude Oil Deposits Lending USD/EGP USD/ounce USD/barrel 17.75% 18.75% 17.69 1323.85 69.93 Source: CBE & Bloomberg MACROECNOMICS Egypt Sets the Price of the Customs

More information

REPUBLIC OF SOMALILAND

REPUBLIC OF SOMALILAND REPUBLIC OF SOMALILAND Ministry Of National Planning &Development Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index September 2016 2016 Page 1 of 9 Consumer Price Index (CPI)

More information

1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW

1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW 1.0 BANK OF TANZANIA MONTHLY ECONOMIC REVIEW October 2016 Contents 1.0 Inflation and Food Supply Situation... 1 1.1 Inflation Developments... 1 1.2 Food Supply Situation... 2 1.3 Prices of Food Crops...

More information

Inflation rate in Camarines Sur increases to 6.8 percent in September 2017

Inflation rate in Camarines Sur increases to 6.8 percent in September 2017 Inflation Rate (in Percent) [ Inflation rate in Camarines Sur increases to 6.8 percent in September Date of Release: October 30, Reference No. -83 The provincial headline inflation rate in September increased

More information

KEY MONETARY AND FINANCIAL INDICATORS

KEY MONETARY AND FINANCIAL INDICATORS January 04, 2019 KEY MONETARY AND FINANCIAL INDICATORS Inflation Overall inflation increased marginally to 5.7 percent in December 2018 from 5.6 percent in November, but remained within target, mainly

More information

Interest Rates Exchange Rate Gold Brent Crude Oil. Lending Deposit USD/EGP USD/ounce USD/barrel 17.75% 16.75% ,

Interest Rates Exchange Rate Gold Brent Crude Oil. Lending Deposit USD/EGP USD/ounce USD/barrel 17.75% 16.75% , Interest Rates Exchange Rate Gold Brent Crude Oil Lending Deposit USD/EGP USD/ounce USD/barrel 17.75% 16.75% 17.95 1,305.25 61.64 -- -- -- +1.61% -0.24% Source: CBE & Bloomberg COMPANY in a NUTSHELL: MB

More information

MONTHLY OUTLOOK. Regulatory Watch. Cybercrime Law. Highlights. Initiatives & Partnerships REGULATIONS AND ECONOMIC

MONTHLY OUTLOOK. Regulatory Watch. Cybercrime Law. Highlights. Initiatives & Partnerships REGULATIONS AND ECONOMIC REGULATIONS AND ECONOMIC MONTHLY OUTLOOK AUGUST 2018 The Regulations and Economic Monthly Outlook provides insight on the direction of the Government and policy related matters such as stakeholder updates,

More information

MONTHLY ECONOMIC REVIEW

MONTHLY ECONOMIC REVIEW October 217 a BANK OF TANZANIA MONTHLY ECONOMIC REVIEW October 217 b October 217 October 217 i Contents 1. Inflation and Food Stocks... 1 1.1 Inflation Developments... 1 1.2 Food Stocks... 1 1.3 Prices

More information

The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE

The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE ARAB REPUBLIC OF EGYPT Ministry of Finance The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE Prepared by: Hany Kadry Dimian Deputy Minister Ministry of Finance Towers

More information

Short-term Inflation analysis and forecast. May 2018 RESEARCH SERVICES DEPARTMENT RESEARCH AND ECONOMIC PROGRAMMING DIVISION

Short-term Inflation analysis and forecast. May 2018 RESEARCH SERVICES DEPARTMENT RESEARCH AND ECONOMIC PROGRAMMING DIVISION Short-term Inflation analysis and forecast May 2018 RESEARCH SERVICES DEPARTMENT RESEARCH AND ECONOMIC PROGRAMMING DIVISION c 2018 Bank of Jamaica Nethersole Place Kingston Jamaica Telephone: (876) 922

More information

Namibia Consumer Price Index

Namibia Consumer Price Index Namibia Consumer Price Index OCTOBER, 2015 Namibia Statistics Namibia Consumer Price Index:October, 2015 Agency 1 OUR MISSION In a coordinated manner produce and disseminate relevant, quality and timely

More information

1 RED July/August 2018 JULY/AUGUST 2018

1 RED July/August 2018 JULY/AUGUST 2018 1 RED July/August 20 JULY/AUGUST 20 2 RED July/August 20 MAJOR HIGHLIGHTS The country s annual consumer inflation remained unchanged at 4.9 per cent in July 20 same as in June 20. Inflation rate (% y/y)

More information

The national monthly CPI (2008=100) increased from per cent in November, 2017 to per cent

The national monthly CPI (2008=100) increased from per cent in November, 2017 to per cent CONSUMER PRICE INDEX (CPI) December, 2017: PRESS RELEASE Released on Monday January 17, 2017 at 1:00 pm DECEMBER 2017 MONTHLY INFLATION RATE INCREASES SIGHTLY The national monthly CPI (2008=100) increased

More information

Inflation rate in Camarines Sur decreases to 5.2 percent in June 2018

Inflation rate in Camarines Sur decreases to 5.2 percent in June 2018 Inflation Rate (in Percent) [ Inflation rate in Camarines Sur decreases to 5.2 percent in Date of Release: July 13, Reference No. -028 The provincial headline inflation rate slightly decreased to 5.2 percent

More information

The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE

The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE ARAB REPUBLIC OF EGYPT Ministry of Finance The Financial Monthly THE MONTHLY STATISTICAL PUBLICATION OF THE MINISTRY OF FINANCE Prepared by: Hany Kadry Dimian Deputy Minister Ministry of Finance Towers

More information

Inflation Update. Mild pick-up in inflation rates

Inflation Update. Mild pick-up in inflation rates December 8 Saudi CPI inflation Monthly change Annual change October 8 -.3. September 8 -.. Year-to-October average.3. Inflation rates in trade partners (latest) Kuwait Bahrain Oman Japan UAE S. Korea Euro

More information

Saudi Arabian Economy

Saudi Arabian Economy Saudi Arabian Economy Economic Research Research Department ARC Research Team, Tel. +966 1 211 9370, devassyp@alrajhi-capital.com Saudi economy continues to improve The recent data released by SAMA indicates

More information