79 Days
Source:
المصري اليوم
_1777352244987_250242181.png&w=64&q=75){kind=small}
_1777352142843_145525226.png&w=64&q=75){kind=small}
Expert: 19% Certificate Aids Salaries Funds
Economic expert Walid Gaballa expects the Egyptian market to experience large inflows of liquidity in July, due to the implementation of the new budget, increased salaries and pensions. He also anticipates that some of the old deposits will be converted into ready-to-trade liquidity. He explained that raising interest rates on savings certificates to 19% by government banks is an anticipatory step to absorb this liquidity, especially as falling gold prices have enhanced the attractiveness of bank certificates as a stable alternative to savings. It is likely that the interest rate will remain steady in the upcoming Central Bank meeting, despite ongoing foreign investment attraction amid geopolitical tensions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)