Urgent – How many times did interest rates rise hours before the central bank meeting? “Al-Fajr” explains in detail
“Stability or increase” was said at the Central Bank of Egypt meeting…all you need to know about the interest rate
Today’s Monetary Policy Committee meeting Egyptian Central Bankits fifth meeting this year, in order to determine the interest rate in banks during the coming period, in conjunction with the meetings that were held in international banks.
Many businessmen and investors are awaiting the decision of the new Egyptian Central Bank regarding the interest rate in banks during the coming period, and questions began to increase regarding whether the interest rate could be fixed or raised.
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Urgent – how many times did interest rates rise hours before the central bank meeting? Dawn explains in detail
And the Monetary Policy Committee had decided in the last meeting of the Central Bank of Egypt, which was held on the 22nd of last June, to maintain the interest rate regarding the return of deposits and disks for one night, and the price of the main operation of the Central Bank at the level of 18.25%, 19.25% and 18.75%. %, the credit and discount rate was kept at 18.75%, and the interest rate was fixed for the second time in the third and fourth meeting, as the third meeting was held on the 18th of last May.
The Monetary Policy Committee of the Central Bank of Egypt indicated that the interest rate is determined according to expected inflation rates, not the prevailing inflation rates.
The Central Bank of Egypt meeting today and the interest rate
It is noteworthy that the Monetary Policy Committee at the Central Bank of Egypt holds eight meetings every year, in which the interest rate is determined, and today’s meeting is the fifth meeting, after the first meeting was held in February, then the second meeting was held in March, and the meeting was held The third in May, while the fourth meeting was held in June.
The interest rate and the Central Bank of Egypt meeting today
The Central Bank of Egypt meeting regarding the interest rate..it is mentioned that the US Federal Reserve raised the interest rate by 25 basis points last Wednesday, to reach the range of 5.25-5.50%; That is, a total increase of 100 basis points since the beginning of the year to date, and 425 basis points in 2022.