Mamdouh Barakat, an economic analyst, described the recent reduction in interest rates as a promising development indicating the beginning of economic recovery in Egypt. He emphasized that such a monetary decision reflects growing confidence in the nation’s financial stability and suggests that inflation pressures are gradually easing.
Barakat noted that lowering borrowing costs can stimulate investment and consumer spending, both of which are essential for revitalizing economic activity. He added that the central bank’s move aligns with broader efforts to stabilize the macroeconomic environment following a period of high inflation and currency adjustments.
The decision, he explained, is likely to reduce the government’s debt servicing burden, freeing up fiscal space for critical public expenditures. This could support ongoing reforms and help maintain momentum in key sectors such as construction, manufacturing, and services.
He cautioned, however, that sustained recovery depends on complementary structural reforms, including improved tax collection, efficient public spending, and measures to attract foreign direct investment.
— news from جريدة الطريق
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مدحت بركات: خفض الفائدة مؤشر إيجابي لبداية التعافي الاقتصادي في مصر جريدة الطريق