The US Federal Reserve announced that it will raise the key interest rate on the dollar by 75 basis points, by 0.75%, according to Sky News.
It is reported that, Mohamed Shady, an analyst and economic expert, said that the US Federal Reserve is trying to control the large inflation rates that the United States is facing in the recent period, so it paid aid packages of up to $9 billion during the Corona period.
Shadi added, in a telephone interview to the “Ninth” program with the media, Shafki Al-Muniri, on Channel One on Egyptian TV, that the great benefits approved by the US Federal Bank made investors leave large countries to head to the United States, to take advantage of the great investment opportunities following raising prices. Benefit.
The analyst and economic expert explained that the decisions of the US Federal Reserve raised the price of the local currency of the United States, “the dollar”, and for the first time exceeded the price of the dollar, the euro, due to the recent increase in interest rates, noting: “With regard to documentary credits, approved by the Central Bank in an attempt to regulate the import sector and stop attempts Importers’ games, and at the same time to counter inflation and preserve the dollar, which serve as procedural obstacles to prevent the dollar’s exit, and when the features of the crisis became clear recently, the Central Bank decided to ease the measures, in light of the tendency to reduce goods at the ports.
