The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international institutions to raise the interest rate, Banking expert, Ahmed Shawky, said. Behind the stabilization were many important factors, he added. Shawky added, in a special statement, that the Central Bank’s decision to fix the interest rate aims to maintain public debt levels and not put pressure on the public budget by increasing debt service burdens. According to Shawky, one of the objectives of the interest rate stabilization decision is to maintain and support the growth rates of the Egyptian GDP, which exceeded six percent in the fiscal year 2021/2022 compared t
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