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المصري اليوم
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Source: المصري اليوم
19 Hrsالمصري اليوم
Source: المصري اليوم
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The central bank’s decision to raise interest rates by 1% would increase interest payments on domestic debt by around EGP 120 billion, potentially pushing the 2026/2027 budget deficit to 5.1% of GDP, compared with 4.9% in the baseline scenario. A one-pound rise in the exchange rate would also increase interest payments on external debt by around EGP 5 billion. The Ministry of Finance plans to address these pressures by diversifying its funding sources, achieving a primary surplus, and extending debt maturities. Economics professor Yomna El-Hamaki said the rate hike is intended to attract hot money and support the pound, despite its negative impact on public debt and investment.
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