Arab Finance: The Central Bank of Egypt (CBE) and the Federation of Egyptian Banks hosted a high-level banking meeting with senior banking officials from Yemen to boost cooperation between the two banking sectors, according to a statement.

The meeting was attended by Hassan Abdalla, Governor of the CBE, and Ahmed Ghaleb, Governor of the Central Bank of Yemen. It is part of the CBE’s commitment to expand cooperation with Arab financial institutions and central banks across various sectors.

Abdalla affirmed that this partnership will serve the interests of both countries and their peoples while creating new opportunities for development and prosperity.

It marks a vital role in supporting regional financial stability and addressing common challenges, he said, adding that exchanging expertise contributes to building more efficient institutional capacities and strengthens the banking sector's ability to keep pace with best practices and international standards.

During the meeting, the governor outlined the Egyptian economy’s positive indicators and resilience amid regional and global geopolitical challenges, thanks to the economic reform program implemented by the government.

The talks addressed ways to improve cooperation in monetary and supervisory policies, which would support financial stability, strengthen the efficiency of banking systems in both countries, facilitate financial transfers, and boost economic and trade activities.

Last May, the Monetary Policy Committee (MPC) decided to keep its key policy rates unchanged, with the overnight deposit rate remaining at 19% and the overnight lending rate standing at 20%.  

The CBE revised its baseline inflation forecast upward, noting that Egypt’s annual headline inflation is projected to accelerate throughout the year before gradually moving downward by H2 2027, averaging 17% and 13% in 2026 and 2027, respectively.