Scenarios for CBE decision on interest rate in Egypt ...Egypt

Many citizens and investors are awaiting the Central Bank of Egypt’s meeting to settle the interest rate in Egypt, especially after the US Federal Reserve’s recent decision to raise the interest rate by 25 basis points. The next central bank meeting is scheduled on May 18.   The first expected scenario for the Central Bank meeting Economic researcher Yassin Ahmed expects the central bank to fix the interest rate at its next meeting, saying that the general budget does not bear the burden of raising interest rate. He explained that every one percent increase in the interest rate causes the state’s general budget to bear an additional debt burden of about LE32 billion, which leads to an increa

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