How CBE raising interest rates will affect prices in Egypt: An expert answers ...Egypt

EGYPT INDEPENDENT - Economy

The Central Bank of Egypt’s decision to raise interest rates by 200 basis points on deposits and borrowing comes to counter the wave of devastating high inflation rates by the US Federal Reserve, al-Sayed Khedr, an economist, said. He continued by saying that this step will lead to a rise in the exchange rate of the US dollar in the coming period, which in turn will have repercussions on prices. Khedr told Al-Masry Al-Youm that permanent reliance on monetary policy in Egypt must change, stressing the need to enhance Egyptian industries and increase production and real investments to counter the current economic circumstances. “We will witness a state of looseness in global markets, and a con

Hence then, the article about how cbe raising interest rates will affect prices in egypt an expert answers was published today ( Friday 31/03/2023 - 12:48 PM ) 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 ( How CBE raising interest rates will affect prices in Egypt: An expert answers )

Last updated : 31 March 2023 clock 12:48 PM

Also on site :

How CBE raising interest rates will affect prices in Egypt: An expert answers ...Egypt

Best of BS Opinion: Buffers cannot carry a system forever

U.S. Army To Spend $2.2B On Nuclear Microreactors At Military Bases

‘Soap Cocktails’ Help U.S. Shale Boost Oil Production

Africa: Is This The Bandage For Africa's Rising Medical Fabrics Demand?

Kaizad Bharucha seen as strong contender for HDFC Bank's MD & CEO post

UBS Says a Major Commodity Upcycle Is Taking Shape

Incomplete 1991 reforms failed to foster India's industrialisation: Nayyar

Rahul Gandhi's new Gen Z playbook: Less script, more spontaneity

Rural commercial vehicle retail sales growth outpaces urban: Fada data

Battle to build $116 billion global defence bank faces major hurdles

EssilorLuxottica clan's $47 billion fortune rift grows with heir's exit

Iceland votes against resuming European Union re-entry talks in referendum

Mutual funds add gold and silver ETFs to equity portfolio mix

Round number skirmishes

Data Centers Are Driving a New U.S. Natural Gas Buildout