After raising interest rate by 50 bps, what will be the impact of the US Fed Reserve’s decision on Egypt?

This happened over four consecutive meetings and on Wednesday a decision was taken.

Deliberations went on for two-days, to raise interest rates by 50 basis points.

The impact of the Federal Reserve Board’s decision has become less severe than before.

Hani Aboul Fotouh, a banking expert, said, adding that the decision’s concerns were focused on the exit of foreign investors’ portfolios, most of which have already exited.