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Turkey has an official 5% inflation target and a most recent central bank forecast of 6.8% for 2013.
Year on year urban consumer inflation rate hits highest levels since 2010
The urban consumer inflation rate rose to 10.4% in October
Central Bank decision to maintain interest rate was expected by analysts in order to curb inflation and save the deposits of family sector in banks
Government continues to fight the constant inflation rates increases
Increases in inflation rates from January to August 2013 totaled 9.4% compared to the same period during the previous year.
CBE set to hold an exceptional dollar auction of $1.3bn on Wednesday for banks in attempt to cover clien’’s outstanding import needs
The World Bank has assessed Egypt’s economic growth in the second quarter of the 2012/2013 fiscal year prior to interim prime minister Hazem El-Beblawi assuming office
The Brazilian currency, which has been at its lowest level against the dollar in four years, closed at 2.35 to the greenback Friday, up 3.2% from Thursday’s close.
Annual inflation increases to 10.28% in July compared to 9.75% in June
Ministerial economic group to take measures to combat rising prices of consumer goods and food
According to a statement on the bank’s website, the discount and repurchasing rates and deposit operations are now lowered to 9.75%.
Expert: Value of aid is “economically misleading” and unlikely to raise the foreign reserve level
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Qatar, meanwhile, had granted Egypt $2.5bn in loan last January, and extended a further $3bn in May by agreeing to buy Egyptian bonds at 3.5% interest.
Financial experts predict inflation levels to further accelerate in the coming months if political instability persists
Suppliers push forward their closing sales dates to supermarkets as consumers load up on rice, bread and other essentials
Rising summertime prices and devaluing currency drive ongoing inflation
Loan delayed by inconsistent implementation of subsidy cuts and tax hikes
Workers in the retail sector say prices for most products have increased significantly in recent months, due to increases in the price of the US dollar.
The report predicted that annual inflation rates would increase by the end of this year to 10.8%, compared to 8.4% in the previous fiscal year
Egypt’s Central Bank decided to keep overnight deposit and lending rates unchanged at 9.75% and 10.75%, respectfully
The International Monetary Fund also projects the country’s budget deficit to shrink to 8.7% in 2014
By Iris Boutros The focus of Egypt’s progress to secure the pending $4.8bn loan from the International Monetary Fund (IMF) has been on the size, timing, and conditions of the loan. Many have speculated on the impact of protracted negotiations, the economy, the currency, investment, price inflation and subsidy cuts. These questions are critical, but …
Financial group says current levels ‘unsustainable’
Poorest consumers feel commodity price increases most painfully
Move intended to curb inflation
Governor reassures workers amid protests against rising prices of raw materials
Rural inflation rate surpasses that of urban areas
IMF may offer a ‘bridge loan’ to Egypt in the meantime as short term financing solution