Will Egypt raise key interest rates? ...Egypt

Economic experts anticipate the Central Bank of Egypt to fix interest rates during its next meeting, despite the US Federal Reserve’s intention to announce new interest rate increases, the al-Shorouk newspaper reported on Monday. However, Economist Mostafa Badra ruled out that CBE would raise interest rates during the next meeting, which will be after the US Federal Reserve meeting, as it is expected to result in an increase in US interest rates. The Monetary Policy Committee of CBE will meet on August 3 to set interest rates, which currently are 18.25 percent on deposits and 19.25 percent on lending, while the US Federal Reserve will meet on July 26. The US Federal Reserve kept interest rat

Hence then, the article about will egypt raise key interest rates was published today ( Tuesday 11/07/2023 - 11:40 AM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Will Egypt raise key interest rates? )

Also on site :

• A Rug Maker Withstood One Year of Trump’s Tariffs. New Challenges Loom.
• Saudi Arabia Weighs Another Cut to Arab Light Prices for Asia
• Nikkei Falls as Yen Rises, Advantest Gains Limit Losses