10 Hrs
Source:
المصري اليوم
_1777352244987_250242181.png&w=64&q=75){kind=small}
_1777352244987_250242181.png&w=3840&q=75)
Lamis Al-Hadidi: No confirmed fuel price hike yet
TV presenter Lamis El-Hadidi predicted that there are possibilities of fuel prices increasing in Egypt in the near future, although no decision has been made yet. She pointed out that any rise in fuel prices would lead to higher inflation rates, which could push the Central Bank of Egypt to raise interest rates. The bank has kept rates steady at 19% for deposits and 20% for loans for the fifth time amid geopolitical risks and rising global inflation. El-Hadidi linked the increase in fuel prices with pressures on monetary policy, confirming that any decision to raise fuel prices will impact inflation and the Central Bank's upcoming decisions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)