1 Day
Source:
بوابة الشروق
_1777352142843_145525226.png&w=64&q=75){kind=small}
_1777352244987_250242181.png&w=64&q=75){kind=small}
Source: بوابة الشروق
1 Dayبوابة الشروق
Source: بوابة الشروق
1 DayReady to play
Ready to play
The Central Bank of Egypt raised interest rates by 100 basis points—the first increase in about two and a half years—bringing the overnight deposit and lending rates to 20% and 21%, respectively. The move aims to curb inflationary pressures, support the Egyptian pound and attract foreign investors. Experts say the decision could ease demand for dollars, but it will raise financing and production costs and weigh on industry and exports. It may also prompt investors to shift from stocks to fixed-income instruments. Banks and companies with ample liquidity and large deposits could benefit, while the consumer, real estate and consumer-finance sectors may face greater pressure.
Notice: This Is an AI-Generated Summary
Comments (0)