Will the CBE fix interest rates on Thursday? ...Egypt

The Monetary Policy Committee of the Central Bank of Egypt (CBE) is scheduled to hold a meeting  on Thursday to determine whether the interest rate would be further raised in Egypt. Economist Ahmed Shawky told Al-Masry Al-Youm that he anticipates the CBE to fix interest rates in Egypt, in an attempt to reduce the medium and short-term inflation rates, based on several indicators – the first of which is related to inflation that is starting to decline relatively. Another reason for the CBE to fix interest rates is that raising interest would increase the burden of financing on companies and institutions, at a time when the government is targeting a strategy of rapid growth, he added. Raising

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