The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) will hold its final meeting of the year on Thursday to decide on the central bank’s key interest rates, which affect the short-term direction of the pound’s interest rate.
Major global central banks, led by the US Federal Reserve, have kept their interest rates unchanged in their latest meetings throughout 2023. Markets are anxiously waiting for the CBE’s decision, which is uncertain this time, due to the persistent slowdown in inflation rates and the International Monetary Fund’s advice for Egypt to adopt a tighter monetary policy to control inflation and reach its target levels.
Read More : Central Bank of Egypt Set to Conclude 2023 with Interest Rate Discussion on Thursday