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Source: بوابة الشروق
15 Hrsبوابة الشروق
Source: بوابة الشروق
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Member of Parliament and economist Mohamed Fouad said the average yield on Treasury bills had reached about 26%, up from around 24% before the rate hike, with the latest auction reaching 25.9%. He said the Central Bank’s 100-basis-point interest rate hike would further slow the market and deepen the recession that has persisted since last year, as financing costs rise and economic activity is constrained—particularly for factories and real estate investors. He added that three to six months of continued monetary tightening could result in relatively weak growth, while the average yield on six-month Treasury bills stood at about 25.46%, compared with 25.17% at the previous auction.
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