Egypt expected to raise interest rates as well soon: expert ...Egypt

The US Federal Reserve’s decision to raise interest rates was expected, Mohamed Kamal, an expert in the financial sector, said, expecting Egypt to raise interest rates as well soon. The US Fed Reserve raised interest rates by 50 basis points on Wednesday, while new increases are expected to be announced soon, bringing the total to 100 basis points. In exclusive statements to Al-Masry Al-Youm, Kamal said that the decision had a direct impact on the Dow Jones index, which rose by about 2 percent on Thursday as the first quick reaction to the US Federal Reserve’s decision. With regard to the Egyptian economy, he said that the Central Bank of Egypt had to raise interest rates earlier in 2022 due

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