Expert discusses US rate hike's effect on Egypt investments
Economic expert Ayman Al-Zayaat confirmed that the US Federal Reserve's decision to hold interest rates steady was in line with market expectations. He explained that this decision reflects their ongoing assessment of inflation rates and the labor market before taking any new measures. He clarified that the impact of this decision on the Egyptian stock exchange will be limited in the short term, as investors had already assimilated the scenario. He emphasized that local factors such as monetary policies, exchange rates, and company results will remain the most influential on the market. He also pointed out that future interest rate cuts could boost investments in emerging markets and increase investors' appetite for stocks and high-risk assets.
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