The Central Bank of Egypt’s Monetary Policy Committee fixed interest rates during its Thursday meeting. This is a positive move, says economist Sayed Khedr. The bank left its lending rate at 19.25 percent and deposit rate at 18.25 percent, and 18.75 percent for the credit and discount rate and the price of the main. The strategic goal of the decision is to maintain balance in many economic indicators in addition to stabilizing the economy, Khedr added. Speaking exclusively to Al-Masry Al-Youm, Khedr explained that raising the interest rate was an unlikely decision given the damage it might cause to the performance of the economy and the volume of investments. He added that the main objectiv
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