Books – Hassan Morsi:
Journalist, Amr Adib said that in the next 10 days, especially before December 16, there are scenarios for measures that should be taken by the government, ahead of the meeting of the Executive Board of the International Monetary Fund to approve the granting of financing to the ‘Egypt of $3 billion, provided $750 million is sent during this month.
Adeeb added, during his program “The Story”, broadcast on the satellite channel “mbc Egypt”, this evening, Friday, that all possibilities are presented before the meeting of the International Monetary Fund, and it is expected in the next 10 days, two scenarios, the first is that before the 16th there will be a rate hike, as well as raising the price of the pound against the dollar, especially as the dollar has now reached more than 31 pounds on the black market.
As for the second scenario, it is that the government has alternative plans to raise interest or move the price of the pound again, due to incoming cash flows, explaining: if you have cash coming in, you may not need to raise interest or move exchange rates, continuing: I expect something to change and something will happen, I say words that are repeated among the people in general, and what will actually happen, no one knows except the Central Bank.
The journalist, Amr Adib, noted that inflation, according to official data, is close to 20%, explaining that the interest rate increase aims to reduce the inflation rate.
