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Source: صدى البلد
1 Dayصدى البلد
Source: صدى البلد
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Economist Karim Al-Omda stated that the expected interest rate hikes by the U.S. Federal Reserve influence the global economy by supporting the attractiveness of the dollar and asset markets denominated in it, such as bonds, while putting pressure on gold prices. He also noted that the impact on Egypt is limited due to the high domestic interest rates, which play a key role in determining monetary policy, alongside the continued stability of Egyptian economic indicators.
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