CBECBE’s New Year’s Resolutions

Special Note

Published: 22 January 2015

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Three weeks had hardly elapsed from 2015 when the Central Bank of Egypt (CBE) decided to respond more actively to Egypt’s changing macroeconomic dynamics. This included reducing key monetary policy interest rates as well as devaluing the Egyptian Pound. In this report, Dcode EFC aims at presenting the context and motives for these important monetary policy developments and assessing their potential impact on the economy and businesses.

Table of Contents

  1. Introduction
  2. Reducing key policy rates
      1. Enabling Factors
      2. Objectives
  3. Devaluing the Egyptian Pound
    1. Objectives
  4. Negative effects on businesses


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