An economic expert has expressed skepticism over the central bank’s decision to lower interest rates while fuel prices are expected to rise soon, calling the move difficult to justify. The analyst argued that maintaining current rates would have been a more prudent approach under the circumstances, given the potential inflationary pressure from higher energy costs. With household budgets already strained and transportation expenses sensitive to fuel adjustments, advancing a rate reduction before absorbing the impact of price increases on essential commodities raises concerns about monetary policy coherence. The comment comes amid broader discussions on balancing economic stimulus with inflation control in Egypt’s ongoing reform efforts.
— news from Al-Masry Al-Youm
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خبير اقتصادي: خفض الفائدة مع اقتراب زيادة أسعار الوقود «يصعب تفسيره».. وكان الأنسب التثبيت المصري اليوم