Raising interest rates constitutes a burden on investment: Investor ...Egypt

EGYPT INDEPENDENT - News
Raising interest rates constitutes a burden on investment: Investor
The President of the Small and Medium Enterprises Investors Union and Vice President of the Investors Association, Alaa al-Sakaty, said that raising interest rates constitutes a burden on investment as it increases the cost of funds and thereby reduces the direct investment process. The Monetary Policy Committee of the Central Bank of Egypt on Thursday announced raising the overnight deposit and lending interest rates and the bank’s main operation rate by 200 basis points (two percent) to reach 21.25 percent, 22.25 percent and 21.75 percent, respectively, as well as raising the credit and discount rates by 200 basis points to reach 21.75 percent. Sakaty explained that the decision poses sign

Hence then, the article about raising interest rates constitutes a burden on investment investor was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Raising interest rates constitutes a burden on investment: Investor )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News