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الشارقة 24
Egypt Central Bank reviews rate options
The report indicated that the US reserves of $36 billion are being tested, raising the possibility of a shift in the flow of hot money in Egypt following the US Federal Reserve's decision. It also shows that the United States ranks fifth in bond yields. Meanwhile, Belgium plans to reduce its budget by 10 billion euros in 2029. The market responded to the Federal Reserve's decision, with European stocks rising by 0.9% and most Gulf stock markets also increasing after the American central bank's move. At the same time, the Egyptian Central Bank is considering options for interest rates. Additionally, the yen declined after Japan raised interest rates to their highest level in 31 years, marking the first rate hike by the Bank of Japan in a long time.
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