3 factors led CBE to fix interest rates: analyst ...Egypt

The Central Bank of Egypt (CBE) is adopting a policy of ‘wait and see’, after the Monetary Policy Committee’s last decision to fix the interest rate at three percent, Tariq Metwally, a banking expert, said, citing three factors that led the CBE to fix its interest rates. The Central Bank took advantage of the tools of the monetary policy, and the financial policy to  implement and enhance market stability, he added. Three factors led to interest rate fixation: Metwally referred to three factors that led to fixing the interest rates. This is the committee’s previous decision to increase interest rates by three percent as well as stopping the issuance of savings certificates of 25 percent and

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