Thndr Claps
  • Egypt
  • Saudi
  • Thinkers
  • العربية
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Economy 🏙 » CBE raises interest rates by 3%; higher than expected🏛

CBE raises interest rates by 3%; higher than expected🏛

by Shams Abbas
December 22, 2022

The Clap
The Monetary Policy Committee (MPC) has cranked up the heat on interest rates, turning up the dial by 300 basis points.

What
The Central Bank of Egypt’s overnight deposit rate, overnight lending rate, & main operation rate are now 16.25%, 17.25%, and 16.75%, respectively, while the discount rate has also been raised to 16.75%.

So what
The MPC believes that demand-side pressures are increasing & wants to keep a lid on soaring inflation (currently above 18%) by setting inflation targets of 7% (± 2 percentage points) by Q4-2024 & 5% (± 2 percentage points) by Q4-2026.

Now what
The MPC wants to make it crystal clear: future interest rates are all about the expectation of inflation, & not the current levels of inflation.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Egypt’s inflation rates reached a record high in June
Economy 🏙

Highlights of the Egyptian Cabinet’s press conference

by Ahmad Diaaeldin and Shams Abbas
July 11, 2023
Economy 🏙

Making sense of El-Sisi’s latest comments

by Shams Abbas
June 15, 2023
Economy 🏙

Goldman: Egypt requires $5B for flexible FX readiness

by Shams Abbas
June 14, 2023
Economy 🏙

Egypt seeks BRICS membership, according to the Russian ambassador

by Shams Abbas
June 14, 2023
Economy 🏙

Members of Parliament greenlight new FY budget

by Shams Abbas
June 13, 2023
Economy 🏙

El Moselhy denies Indian credit line given to Egypt

by Shams Abbas
June 13, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • Egypt
  • Saudi
  • Thinkers
  • العربية

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)