{"id":578306,"date":"2022-12-22T04:00:54","date_gmt":"2022-12-22T04:00:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/"},"modified":"2022-12-22T04:00:54","modified_gmt":"2022-12-22T04:00:54","slug":"this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/","title":{"rendered":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today"},"content":{"rendered":"<p><strong>Good morning, dear readers,<\/strong> and congratulations on making it to the end of another week. Like many of you, we're going to be turning on our OoO responders on Sunday and having ourselves an extended weekend for the Christmas break. We'll be back in your inboxes on Monday at the appointed hour.<\/p>\n<p><strong>It\u2019s interest rate day:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee will meet later today for its final meeting of the year. Most analysts in a <a href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/egypts-central-bank-seen-raising-interest-rates-by-200-bps-2022-12-20\/\">Reuters<\/a><a href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/egypts-central-bank-seen-raising-interest-rates-by-200-bps-2022-12-20\/\">poll<\/a> are expecting policymakers to close out 2022 with another king-size 200-bps rate hike to support the currency and tackle rising inflation \u2014 chiming with the majority of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f634c395-5dfb-40bf-a4fe-388c6fe8a1b5\">those we surveyed<\/a> last week. Seven of the nine analysts and economists we spoke to are forecasting the central bank to raise rates, with five of those surveyed expecting a 200-bps hike. This would take the policy rate to 15.25%, its highest level since early 2019.<\/p>\n<p><strong>ALSO HAPPENING TODAY-<\/strong><\/p>\n<p><strong>Ministers are heading to Tanzania:<\/strong> <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/473339734975878\">Foreign Minister Sameh Shoukry<\/a> and <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0383jRZE4P7VoaiVqLRgf9BQD1tE6qEecqFgs9hQ5nxknjYEDSZdBSTvD8KfNG3jS7l\">Housing Minister<\/a><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0383jRZE4P7VoaiVqLRgf9BQD1tE6qEecqFgs9hQ5nxknjYEDSZdBSTvD8KfNG3jS7l\">Assem Al Gazzar<\/a> are in Tanzania today to witness the first filling of the Julius Nyerere Dam, which was built by Elsewedy Electric and Arab Contractors under a <a href=\"https:\/\/www.elsewedyelectric.com\/en\/business-lines\/engineering-construction\/power-generation\/hydropower-energy\/\">USD 2.9 bn contract<\/a>.<\/p>\n<p><strong>PSA- Brace for a cold Thursday: <\/strong>Expect temperatures to drop to lows of 15\u00b0C across the capital today, with a chance of light rains, according to the <a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/pfbid0gAK6EAryKYZZR22Ug1eZUuixDsMseh4aSPhSKzCsht3UsqZYQ3pCGc4GoYV3txU7l\">latest forecast<\/a>.<\/p>\n<p><strong>Alexandria is taking the day off: <\/strong>Alexandria governor <a href=\"https:\/\/www.facebook.com\/Alex.Gov.Eg\/posts\/pfbid02THKCNhaMqhfyz39u3T9NYk5Vd8bvN6rgiPEz6QJn9rCFrkUs55hzLiLoNer4x3K3l\">declared<\/a> today off for schools in anticipation of poor weather conditions.<\/p>\n<p><strong>NEXT WEEK-<\/strong><\/p>\n<p><strong>The Senate will be back in session next Sunday<\/strong>, 25 December, while the House of Representatives is in recess until Monday, 2 January.<\/p>\n<p><strong>Ten days until the e-invoicing registration deadline: <\/strong>Companies have until 31 December to register with the Tax Authority\u2019s e-invoicing system after the Finance Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/268e9e38-7c3a-443c-939d-f83f9142ce5f\">earlier this month<\/a> gave companies another two weeks. Only 150k companies had signed up to the new system <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b338d2e-7242-4675-8656-d831457321b3\">as of the end of November<\/a>, well below a sought goal of 1 mn companies to register under the system.<\/p>\n<p><strong>REMEMBER-<\/strong> This deadline no longer applies to the self-employed: The Finance Ministry <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bf798f1-37dd-4862-b1eb-536f8c97a47f\">pushed the deadline<\/a> for self-employed professionals \u2014 including doctors, pharmacists and lawyers \u2014 to 30 April 2023 after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4811d17-4f27-4d5b-afef-3cbec01f797b\">widespread opposition<\/a> to the system.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/Zelenskiy-Washington-1600px.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>THE BIG STORIES ABROAD-<\/strong><\/p>\n<p><strong>Ukrainian president Volodymyr Zelenskiy\u2019s visit to Washington is dominating the front <\/strong><strong>pages of the Western press this morning:<\/strong> In his first overseas trip since Russia invaded the country in February, Zelenskiy addressed lawmakers in Congress and urged them to provide more aid. The president also held talks with Joe Biden, who pledged a further USD 1.9 bn in military assistance. (<a href=\"https:\/\/apnews.com\/article\/zelenskyy-biden-68c65b3274e552f36f16853f24fedbb9?utm_source=apnews&utm_medium=featuredcard&utm_campaign=leadstory\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/us\/pomp-persuasion-ukraines-zelenskiy-addresses-us-congress-2022-12-21\/\">Reuters<\/a> | <a href=\"https:\/\/www.nytimes.com\/live\/2022\/12\/21\/world\/volodymyr-zelensky-russia-ukraine-news\">NYT<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/politics\/2022\/12\/21\/zelensky-biden-congress-speech\/\">Washington Post<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-22\/zelenskiy-insists-to-congress-us-aid-for-ukraine-isn-t-charity?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.wsj.com\/livecoverage\/ukraine-zelensky-biden-congress-washington-trip-russia\">WSJ<\/a> | <a href=\"https:\/\/www.ft.com\/content\/649a2fe5-aedf-44c9-9e5d-6a573a6ea3e6\">FT<\/a>)<\/p>\n<p><strong>Israel is about to get its most extreme government in its history:<\/strong> Following weeks of talks, Israeli Prime Minister Benjamin Netanyahu yesterday <a href=\"https:\/\/twitter.com\/netanyahu\/status\/1605687416169168896?ref_src=twsrc%5Etfw%7Ctwcamp%5Eembeddedtimeline%7Ctwterm%5Escreen-name%3Anetanyahu%7Ctwcon%5Es1\">announced<\/a> that he had agreed to form a coalition with smaller, once-fringe right-wing parties, among which are the far-right Jewish Power and Religious Zionism parties. The government will be sworn in on 2 January, bringing to power fiercely anti-Arab political figures at a time when the West Bank is experiencing its worst unrest in years. (<a href=\"https:\/\/apnews.com\/article\/jerusalem-israel-benjamin-netanyahu-36f1b6c6d169d166b13347ebd0ce2869\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/israels-netanyahu-says-he-has-secured-deal-form-new-government-2022-12-21\/\">Reuters<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/12\/21\/netanyahu-announces-new-government-with-sweeping-powers-far-right-allies\/\">Washington Post<\/a> | <a href=\"https:\/\/www.nytimes.com\/2022\/12\/21\/world\/middleeast\/coalition-deal-netanyahu-israel.html\">New York Times<\/a> | <a href=\"https:\/\/www.theguardian.com\/world\/2022\/dec\/21\/benjamin-netanyahu-israel-rightwing-government\">The Guardian<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>DATA POINT- Egypt\u2019s fertilizer industry is a major export success story right now:<\/strong> Egypt has taken Russia\u2019s place as one of Europe\u2019s key fertilizer suppliers due the spillover effects of Russia\u2019s invasion of Ukraine, <a href=\"https:\/\/bit.ly\/3HUAAR9\">Bloomberg Asharq<\/a> reported yesterday. Egypt exported EUR 1.5 bn worth of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69082433-63df-45eb-8806-080792cf9c7c\">fertilizers<\/a> across the Mediterranean during the first ten months of 2022, almost triple that of 2021, according to the news outlet, which cites data from the Chemical and Fertilizers Export Council. Europe\u2019s fertilizer industry has been forced to cut production due to surging natural gas prices, while an import ban on Russian fertilizers has sent countries in search for new suppliers.<\/p>\n<p><strong>Speaking of fertilizer exports:<\/strong> Fertilizers are among eight products chemical companies want to become eligible for export subsidies, according to <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21122022&id=176c18b8-9b63-471f-84b8-5b09003d837d\">Al Shorouk<\/a>. The export council will submit the list, which also includes paints, biodiesel and batteries, to the Trade Ministry\u2019s Export Development Fund, council chairman Khaled Abul Makarem said at a presser yesterday, the newspaper reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, dear readers, and congratulations on making it to the end of another week. Like many of you, we're going to be turning on our OoO responders on Sunday and having ourselves an extended weekend for the Christmas break. We'll be back in your inboxes on Monday at the appointed hour. It\u2019s interest rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578307,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[271,104,72,99,349,1341,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-central-bank-of-egypt","tag-economy","tag-enterpriseam","tag-fertilizers","tag-interest-rates","tag-russia-ukraine-conflict","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"54a530eb-e58a-4bba-a1c3-7219411c5434","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/12\/479.jpg","photo_position":"above","related_issue":[578304],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS MORNING: Expect another mega-rate hike when the central bank meets later today - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Expect another mega-rate hike when the central bank meets later today\" \/>\n<meta property=\"og:description\" content=\"Good morning, dear readers, and congratulations on making it to the end of another week. Like many of you, we&#039;re going to be turning on our OoO responders on Sunday and having ourselves an extended weekend for the Christmas break. We&#039;ll be back in your inboxes on Monday at the appointed hour. It\u2019s interest rate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-22T04:00:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: Expect another mega-rate hike when the central bank meets later today\",\"datePublished\":\"2022-12-22T04:00:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/\"},\"wordCount\":722,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"economy\",\"EnterpriseAM\",\"fertilizers\",\"interest rates\",\"Russia-Ukraine conflict\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/\",\"name\":\"THIS MORNING: Expect another mega-rate hike when the central bank meets later today - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-12-22T04:00:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS MORNING: Expect another mega-rate hike when the central bank meets later today\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/","og_locale":"en_US","og_type":"article","og_title":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today","og_description":"Good morning, dear readers, and congratulations on making it to the end of another week. Like many of you, we're going to be turning on our OoO responders on Sunday and having ourselves an extended weekend for the Christmas break. We'll be back in your inboxes on Monday at the appointed hour. It\u2019s interest rate [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-12-22T04:00:54+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today","datePublished":"2022-12-22T04:00:54+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/"},"wordCount":722,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1","keywords":["Central Bank of Egypt","economy","EnterpriseAM","fertilizers","interest rates","Russia-Ukraine conflict","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/","name":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1","datePublished":"2022-12-22T04:00:54+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-morning-expect-another-mega-rate-hike-when-the-central-bank-meets-later-today\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS MORNING: Expect another mega-rate hike when the central bank meets later today"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/479.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":578263,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/this-morning-another-year-with-no-state-funded-hajj-trips-sbf-extradition-today\/","url_meta":{"origin":578306,"position":0},"title":"THIS MORNING: Another year with no state-funded Hajj trips + SBF extradition today","author":"enterpriseam admin","date":"21 December 2022","format":false,"excerpt":"Good morning ladies and gents. There may be only seven working days remaining of the year but 2022 shows no signs of wanting to take a time out. Here in Egypt we have a crucial central bank policy meeting tomorrow and \u2014 as the IMF\u2019s Egypt mission chief reminds us\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/445.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563081,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/this-morning-its-interest-rate-day-here-at-home-export-risk-guarantee-outfit-coming-in-2-months\/","url_meta":{"origin":578306,"position":1},"title":"THIS MORNING: It\u2019s interest rate day here at home + export risk guarantee outfit coming in 2 months","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"Good morning, friends, and a very happy THURSDAY to you all. The big news today is that it\u2019s interest rate day as the Central Bank of Egypt\u2019s Monetary Policy Committee meets to review rates. There\u2019s a firm consensus among analysts and economists we surveyed last week that policymakers will leave\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548625,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/this-morning-cbe-odds-on-to-hike-rates-this-thursday-kenya-has-a-new-president\/","url_meta":{"origin":578306,"position":2},"title":"THIS MORNING: CBE odds-on to hike rates this Thursday + Kenya has a new president","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"Good morning, friends, and welcome to a big news morning. There\u2019s plenty of good news today, including the first tentative sign of renewed foreign appetite for Egyptian debt and another boost to our regional energy hub ambitions (from The Company Formerly Known As Delek and a compatriot).Also notable: Six of\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544710,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/17\/this-morning-first-fed-rate-hike-in-4-years-the-clocks-wont-go-back-in-the-us-next-year\/","url_meta":{"origin":578306,"position":3},"title":"THIS MORNING: First Fed rate hike in 4 years; The clocks won\u2019t go back in the US next year.","author":"enterpriseam admin","date":"17 March 2022","format":false,"excerpt":"Well, friends, we\u2019ve nearly made it through another workweek together, and our reward is ending the week on St. Patrick\u2019s Day (which happens to be The Colonel\u2019s birthday. We miss you, Dad.) THE BIG GLOBAL BUSINESS STORY this morning- The Fed has hiked rates for first time in four years\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584405,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/30\/talking-heads-discuss-impact-of-soaring-inflation-during-ramadan\/","url_meta":{"origin":578306,"position":4},"title":"Talking heads discuss impact of soaring inflation during Ramadan","author":"enterpriseam admin","date":"30 March 2023","format":false,"excerpt":"Economist predicts rate hike at today\u2019s MPC meeting","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/689.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554011,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/16\/this-morning-cbe-gathers-for-its-final-policy-meeting-today-new-gafi-services-unit-for-egx-listed-companies-schools-out-in-alexandria-again\/","url_meta":{"origin":578306,"position":5},"title":"THIS MORNING: CBE gathers for its final policy meeting today + new GAFI services unit for EGX-listed companies + school\u2019s out in Alexandria (again)","author":"enterpriseam admin","date":"16 December 2021","format":false,"excerpt":"Good morning, friends, and welcome to the final day of the workweek. We\u2019re looking forward to the weekend, even though our hopes of seeing Egypt in the Arab Cup final match on Saturday were dashed last night after the Pharaohs scored an own-goal in the last few seconds of their\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578306"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578306\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578307"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578306"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578306"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}