Dr. Mostafa Badra, Professor of Finance and Investment – Decision of the Central Bank of Egypt
Central banks around the world are meeting this week to decide interest rates She has and comes to the fore US Fed meeting On Wednesday, February 1, the banks of the Gulf countries will follow it Egyptian Central European and Bank of England Thursday.
Professor of Finance and Investment, Dr. Mustafa Badra, expected that Monetary Policy Committee of the Central Bank of Egypt By maintaining “fixing” interest rates, during its next meeting on Thursday, February 2, 2023.
The professor of finance attributed his prediction during his remarks today to “The Week”, to two factors
– That stops 25% testimonials With the highest return so far within the Egyptian banking market, it is an indication of a trend Egyptian Central Bank towards installation during its weekend meeting.
– There is a high probability that the US Federal Reserve will have a less sharp interest rate hike at 0.25%, which gives an indication of a decline in interest rates. inflation globally, and thus limiting the increase in inflation locally inside Egypt.
A prediction issued by Standard Chartered Bank last Sunday indicated that the Central Bank of Egypt is on the way to raising interest rates by 3% in 2023.
Heba Mounir, analyst of the banking sector and macroeconomics at HC Securities, believes that the Central Bank of Egypt should keep the current interest rates at the limits of 16.25%, 17.25% and 16.75% on the deposit and lending process and the price of the operation within the Central Bank of Egypt. credit and debit, respectively.
And the HC Research Department expected that the average interest rate on one-year treasury bills would reach 20.6% in 2023, “taking into account a tax rate of 15% for American and European investors,” taking into account expectations of raising the basic interest rate by 2%. basis for the rest of the year.
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