What we’re tracking this week and beyond
It’s interest rate week in the developed nations, and bonds are taking it on the chin: The Bank of Japan reviews interest rates today, the US Fed meets on rates this Wednesday, and the Bank of England follows suit on Thursday. Bond prices have come under pressure as a result, the Financial Times says, “pushing up benchmark yields toward key levels.” (Here at home, the CBE’s monetary policy committee won’t meet until 16 August.)
The Federation of Egyptian Industries’ (FEI) tax committee will meet on Wednesday to discuss the FEI’s divisions’ remarks on the Finance Ministry’s new Customs Act, according to committee chair Mohamed El Bahey.
The CBE will be hosting the 41st annual meeting of the Association of African central banks (AACB) at Sharm El Sheikh from 5 to 9 August.
Prime Minister Mostafa Madbouly is set to select the board of directors for Egypt’s EGP 200 bn sovereign wealth fund “within days.”
Foreign Minister Sameh Shoukry should be landing in Washington next week to meet with US Secretary of State Mike Pompeo over developments in the Middle East and US-Egypt relations.
Mo Salah fans have ten more days left to make him one of FIFA’s top three men’s footballers for 2018. Cast your ballots here.