Central Bank of EgyptNext Thursday, the MPC of CBE will hold its last meeting in 2023 to discuss the future of the Bank’s basic interest rates, which are the main indicators of the direction of the pound’s interest rates in the short term. After its meeting on 2 November, MPC stated that the future of key interest rates depends on expected inflation rates rather than current inflation rates. US Federal ReserveThe Federal Reserve, the US central bank, kept interest rates at levels between 5.25% and 5.5% for the third consecutive time last week. The MPC stressed that its future decisions will ensure that interest rates are set at sufficiently restrictive levels for as long as necessary. Monetary policymakers remained divided, as in their previous meeting in November, as three of them still favored raising interest rates.
