Saturday 09/November/2024 – 10:13 PM
Getting ready Central Bank of EgyptTo hold the seventh Monetary Policy Committee meeting to discuss interest rates in November 2024, which is scheduled to be held on Thursday, November 21, 2024.
Data explained Central Bank of EgyptThe dates of the Monetary Policy Committee meetings to discuss interest rates during the year 2024, of which 6 meetings have been held so far, and the seventh meeting is scheduled to be held on November 21 of this year, while the eighth meeting will be held on December 26 of the same current year.
This comes after the bank acknowledged… Federal Reservea new reduction in the US interest rate by 25 basis points, one day after the election of the Republican Party candidate, Donald Trump, as the new President of the United States of America, after his victory over Kamala Harris, the Democratic Party candidate.
Results of the last US Federal Reserve meeting
The US central bank, the Federal Reserve, decided at the Federal Open Market Committee meeting last Thursday, to reduce the US interest rate by about 0.25%, recording 4.5% and 4.75%, and thus is in line with market expectations.
Results of the last meeting of the Egyptian Central Bank
For its part, the Monetary Policy Committee of the Central Bank of Egypt decided in its previous meeting, on Thursday, October 17th; Maintaining the overnight deposit and lending rates and the central bank’s main operation rate at 27.25%, 28.25% and 27.75%, respectively. It also decided to keep the credit and discount rates at 27.75%. This decision reflects the latest developments and expectations at the global and local levels since the previous meeting of the Monetary Policy Committee.
