24 Hrs
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المصري اليوم
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Egypt Central Bank decision options
The article concerns the Central Bank of Egypt's potential decision during its upcoming meeting on September 24 regarding whether to raise or keep the primary interest rates unchanged. This comes amid the impact of the U.S. Federal Reserve's decisions and the increase in global interest rates, as the bank monitors inflation, the exchange rate of the Egyptian pound, and capital flows. If inflationary pressures persist or the exchange rate declines further, the bank may decide to raise interest rates by approximately 25 basis points. Such a decision could influence borrowing costs, investments, and prices—especially given the recent 6% increase in the dollar against the pound. While raising interest rates might help stabilize the markets and curb inflationary pressures, it could also slow economic growth and increase financial burdens on companies and households.
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