Egypt Cuts Interest Rates as Debt Market Seen Defying Fed Impact [Bloomberg Business News]
The Carlyle Group Inc. (CG)
Last the carlyle group inc. earnings: 4/30 06:40 am
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Source: Bloomberg Business News
Central bank cuts benchmark 100 basis points to 17.75 percent Six of nine economists in survey predicted a rate cut A pedestrian uses his mobile phone as he passes Egypt's central bank in Cairo, Egypt. Photographer: Shawn Baldwin Egypt cut interest rates for the first time since floating the currency at the end of 2016, starting a widely-anticipated easing cycle after record-high borrowing costs helped curb inflation and attract $20 billion into local-currency debt. The monetary policy committee led by Governor Tarek Amer lowered the overnight deposit rate by 100 basis points to 17.75 percent. A cut was predicted by six out of nine economists in a Bloomberg survey. The overnight lending rate was also reduced by 100 basis points to 18.75 percent. The central bank had raised borrowing costs by 700 basis points after it abandoned currency restrictions as it sought to control inflation and
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CG
Earnings
- 2/8/24 - Miss
CG
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEF
- 4/18/24 - Form DEFA14A
- CG's page on the SEC website