#contracting economy
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) announced the raising of key interest rates on 30 March, amid soaring inflation that has been affecting businesses and private citizens alike. The news made the rounds in Egypt as a major development, but to some, the aim of such a decision and its direct effects were unclear. Here, Egyptian Streets answers a few questions that may help clarify some of the details of this change. Why were…
