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Japan hikes rates for first time in 17 years
The Bank of Japan increased its rates to 0-0.1%
Banks roll out high interest rate CDs, ease currency controls on credit cards
The parallel market is “on its way to disappearing completely,” Banque Misr Chairman Mohamed El Etreby said
What got us there: A float of the EGP and a 600 bps rate hike
The EGP fell to record lows, before settling at 49.5 against the USD
It’s morning again in Egypt: Sentiment can turn on a dime, and that’s what happened yesterday
Central Bank Governor Hassan Abdalla spoke for us all when he said yesterday that having two exchange rates is a…
Results of EFG Hermes Research’s annual One-on-One live poll are out
Most respondents are bullish about investments this year
Fed’s Jerome Powell expected to fend off hopes of an imminent rate cut
The Fed is in no hurry to cut rates: US Federal Reserve Chief Jerome Powell is widely expected to deliver…
As interest rates remain elevated, industry players are struggling to unlock capex investments
Banks are also reportedly concerned about risk levels associated with funding manufacturers
Fed seen cutting rates in June
Since September, analysts have pegged the Fed’s first rate cut around the middle of 2024
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