Whether the Central Bank of Egypt will raise the interest rate in Egypt during ts Thursday meeting is a question raised over the past few days, especially after the decision of the US Federal Reserve to raise the interest rate by 0.75 percentage points. The Monetary Policy Committee of the Central Bank of Egypt is scheduled convene on Thursday to decide on the matter. The US Federal Reserve’s decision led to an increase in the interest rate set by Gulf and Arab central banks, led by the UAE, Saudi Arabia, Kuwait, Bahrain and Jordan. The US Federal Reserve raised the interest rate by 75 points for the first time since 1994, as the fed’s expectations indicate more hikes at a strong pace, to c
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