IMF Discusses With Egypt Maintaining a Tight Monetary Policy
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The International Monetary Fund said it is holding discussions with the Egyptian government in order to maintain a tight monetary policy. These discussions aim to follow up on the Egyptian economy and to ensure that the measures taken are helping to stabilise prices.
A tight monetary policy means that the central bank keeps interest rates high, or raises them at times. This measure makes borrowing more expensive for banks, companies and individuals, and usually helps to reduce inflation, that is, the continuous rise in the prices of goods and services. On the other hand, this may lead to a slowdown in economic activity in some sectors.
The International Monetary Fund is one of the major financial institutions that monitor economic policies in member countries, and it provides governments with advice on financial and monetary reforms. These discussions come within the framework of the regular follow-up on the Egyptian economy.
So far, full details of the outcomes of these discussions have not been announced. The picture is expected to become clearer in the coming period, as new data and decisions are issued by the relevant authorities.
Sources: العربية
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