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A higher than expected figure should be seen as positive (bullish) for the EGP while a lower than expected figure should be seen as negative (bearish) for the EGP.

Source:  Central Bank of Egypt
Category:  Current Account
Units:  Million
Details
Impact: Low
Country:
Egypt
Currency: EGP
Latest Release
Previous: -$3711.1M
Consensus: $3900M
Actual: -$5909.6M
Next Release
No data
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Berita (EGP)

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Egypt Central Bank Lifts Interest Rates By 600 Bps In Surprise Move Egypt Central Bank Lifts Interest Rates By 600 Bps In Surprise Move

Egypt Central Bank Lifts Interest Rates By 600 Bps In Surprise Move

Egypt's central bank decided to raise its interest rate by 600 basis points and to allow the currency exchange rate to be determined by market forces at an emergency meeting on Wednesday, citing high inflation. The Monetary Policy Committee of the Central Bank of Egypt lifted the overnight deposit rate to 27.25 percent and the overnight lending rate to 28.25 percent.

RTTNews | 495 days ago

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.