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Column

Raising the Interest Rate and Egypt’s Floundering Economic Policy

July 3, 2016 MEO Staff

By: Abdel-Hafez El-Sawy* In mid-June 2016, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) made a decision for increasing the interest rates on deposits and loans by 1%. Accordingly, the interest [ More … ]

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