Commenting on the latest FOMC decision, Lale Akoner, Global Market Strategist at eToro, said the Fed was signalling to markets that the latest increase was unlikely to be the last.
The decision comes as the CBE assesses a gradually improving inflation outlook, despite continued regional and global uncertainties and renewed volatility in energy and commodity prices.
The discount rate was also maintained at 19.50%.
Al Saraf noted that the Central Bank of Egypt (CBE) continues to prioritize inflation as the main policy anchor, closely monitoring the impact of interest rates on price dynamics and overall demand.
The central bank also kept the main operation and discount rates unchanged at 19.5%, citing recent inflation developments and forecasts amid an uncertain global environment.
