🔴 | The Central Bank of Egypt decides to raise interest rates by 100 basis points
🔴The Central Bank of Egypt decided at its meeting today to raise interest rates by 100 basis points for the first time since March 2024, surprising markets
🔴Interest rates reached 20% for deposits, 21% for overnight lending, and 20.5% for the main operation rate 📣
🔴This decision comes as the impact of the pound’s depreciation to a record low, rising energy prices, and escalating geopolitical tensions on financial and economic conditions grows—putting an end to any benefit from declining inflation figures
🔴Raising interest rates may make bank certificates more attractive for cash savings, which could reduce the appeal of investing in gold, but this effect would be felt in the medium term
🔴The immediate impact on gold will continue to depend on the dollar exchange rate, the global price of a gold ounce, and the forces of supply and demand ⭕
🌑 $BTC
$PEPE
$WIN #FedWatch #EarningsSeason #比特币跌破8万美元
✅@mshabaka
🔴The Central Bank of Egypt decided at its meeting today to raise interest rates by 100 basis points for the first time since March 2024, surprising markets
🔴Interest rates reached 20% for deposits, 21% for overnight lending, and 20.5% for the main operation rate 📣
🔴This decision comes as the impact of the pound’s depreciation to a record low, rising energy prices, and escalating geopolitical tensions on financial and economic conditions grows—putting an end to any benefit from declining inflation figures
🔴Raising interest rates may make bank certificates more attractive for cash savings, which could reduce the appeal of investing in gold, but this effect would be felt in the medium term
🔴The immediate impact on gold will continue to depend on the dollar exchange rate, the global price of a gold ounce, and the forces of supply and demand ⭕
🌑 $BTC
$PEPE
$WIN #FedWatch #EarningsSeason #比特币跌破8万美元
✅@mshabaka