{"id":645292,"date":"2017-07-17T03:49:24","date_gmt":"2017-07-17T03:49:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/"},"modified":"2017-07-17T03:49:24","modified_gmt":"2017-07-17T03:49:24","slug":"raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/","title":{"rendered":"Raising interest rates will have widespread negative repercussions, and reap few benefits"},"content":{"rendered":"

Raising interest rates will have widespread negative repercussions, and reap few benefits<\/strong>, Mohamed Ali Ibrahim writes in a column penned for Al Masry Al Youm<\/a>. In addition to bringing investment to a grinding halt due to the high cost of borrowing, high rates will significantly increase the state\u2019s debt service burden, he points out. He also says that while interest rate hikes are theoretically useful in situations where citizens spend much of their cash on goods and services, the theory does not apply to Egypt, where people have simply been forced to spend more on goods as their prices have increased, not because of a jump in purchasing power. Ibrahim rails against the government and its policymakers, saying their decisions seem to be based on a survey of a select segment of society and economic indicators that do not show the whole picture. He says that to point to the minority that is still able to purchase expensive homes in gated communities is to ignore how the population at large is faring.<\/p>\n","protected":false},"excerpt":{"rendered":"

Raising interest rates will have widespread negative repercussions, and reap few benefits, Mohamed Ali Ibrahim writes in a column penned for Al Masry Al Youm. In addition to bringing investment to a grinding halt due to the high cost of borrowing, high rates will significantly increase the state\u2019s debt service burden, he points out. He […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9411],"tags":[72,9410],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645292","post","type-post","status-publish","format-standard","hentry","category-on-deadline","tag-enterpriseam","tag-on-deadline","wpautop","entry"],"acf":{"mongo_id":"da11d4a4-d13e-4585-879f-68e6db642977","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645261],"teaser":"","voice_url":""},"yoast_head":"\nRaising interest rates will have widespread negative repercussions, and reap few benefits - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raising interest rates will have widespread negative repercussions, and reap few benefits\" \/>\n<meta property=\"og:description\" content=\"Raising interest rates will have widespread negative repercussions, and reap few benefits, Mohamed Ali Ibrahim writes in a column penned for Al Masry Al Youm. In addition to bringing investment to a grinding halt due to the high cost of borrowing, high rates will significantly increase the state\u2019s debt service burden, he points out. He […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-17T03:49:24+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raising interest rates will have widespread negative repercussions, and reap few benefits\",\"datePublished\":\"2017-07-17T03:49:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/\"},\"wordCount\":185,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"On Deadline\"],\"articleSection\":[\"On Deadline\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/\",\"name\":\"Raising interest rates will have widespread negative repercussions, and reap few benefits - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-17T03:49:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Raising interest rates will have widespread negative repercussions, and reap few benefits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Raising interest rates will have widespread negative repercussions, and reap few benefits - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/","og_locale":"en_US","og_type":"article","og_title":"Raising interest rates will have widespread negative repercussions, and reap few benefits","og_description":"Raising interest rates will have widespread negative repercussions, and reap few benefits, Mohamed Ali Ibrahim writes in a column penned for Al Masry Al Youm. In addition to bringing investment to a grinding halt due to the high cost of borrowing, high rates will significantly increase the state\u2019s debt service burden, he points out. He […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-07-17T03:49:24+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Raising interest rates will have widespread negative repercussions, and reap few benefits","datePublished":"2017-07-17T03:49:24+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/"},"wordCount":185,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","On Deadline"],"articleSection":["On Deadline"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/","name":"Raising interest rates will have widespread negative repercussions, and reap few benefits - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-07-17T03:49:24+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/raising-interest-rates-will-have-widespread-negative-repercussions-and-reap-few-benefits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Raising interest rates will have widespread negative repercussions, and reap few benefits"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":596783,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emerging-markets-to-reap-the-benefits-of-a-fed-rate-cut-bloomberg-survey\/","url_meta":{"origin":645292,"position":0},"title":"Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"Emerging markets to reap the benefits of a Fed rate cut -Bloomberg survey: Emerging market equities, bonds, and currencies will reap the benefits if the world\u2019s major central banks go ahead with expected rate cuts, according to a quarterly poll of 42 fund managers, traders, and strategists conducted by Bloomberg.\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2360.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625755,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/financial-inclusion-requires-higher-literacy-rates-use-of-tech-in-daily-life\/","url_meta":{"origin":645292,"position":1},"title":"Financial inclusion requires higher literacy rates, use of tech in daily life","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"Financial inclusion requires higher literacy rates, use of tech in daily life: The success of Egypt\u2019s financial inclusion policy hinges on raising literacy rates and the degree to which people embrace technology, Dina Abdel Fattah writes for Amwal Al Ghad. While internet banking and e-payments are on the rise, the\u2026","rel":"","context":"In "On Deadline"","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642830,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/23\/raising-interest-rates-floating-egp-improved-banking-conditions-but-dampened-investment\/","url_meta":{"origin":645292,"position":2},"title":"Raising interest rates, floating EGP improved banking conditions but dampened investment","author":"enterpriseam admin","date":"23 August 2017","format":false,"excerpt":"Raising interest rates, floating EGP improved banking conditions but dampened investments: The CBE\u2019s decision to raise interest rates and float the EGP have improved conditions for the banking sector, said our friend Mohamed Ozalp, CEO at BLOM Bank Egypt. However, the former appears to have slowed investments and dampened consumer\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638797,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/reforms-to-bear-fruit-interest-rates-too-high-ybg\/","url_meta":{"origin":645292,"position":3},"title":"Reforms to bear fruit, interest rates too high -YBG","author":"enterpriseam admin","date":"15 October 2017","format":false,"excerpt":"Rare interview with YBG: Egypt finally took the \u201cbitter medication\u201d of economic reform and it will bear fruit in time, former Finance Minister Youssef Boutros Ghali told Al Shorouk on the sidelines of the IMF and World Bank fall meetings. Egypt\u2019s only solution is to be able to reach economic\u2026","rel":"","context":"In "On Deadline"","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648019,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/raising-rates-was-the-right-decision-werr\/","url_meta":{"origin":645292,"position":4},"title":"Raising rates was the right decision -Werr","author":"enterpriseam admin","date":"25 May 2017","format":false,"excerpt":"Raising interest rates was \u201cabsolutely the right decision, and it was long overdue,\u201d Patrick Werr writes in The National. He says inflation before the price shock that followed the EGP flotation was already high, placing the blame on the \u201crapid expansion of the money supply over the past few years.\u201d\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648141,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/nbe-will-not-raise-interest-rates-on-personal-loans-only-commercial-loans\/","url_meta":{"origin":645292,"position":5},"title":"NBE will not raise interest rates on personal loans, only commercial loans","author":"enterpriseam admin","date":"29 May 2017","format":false,"excerpt":"The National Bank of Egypt (NBE) will not be raising interest rates on personal loans taken out before the CBE\u2019s decision to hike interest rates by 200 bps last week, the bank\u2019s head of Retail and SME Banking tells Al Ahram. The interest rate hike, he adds, will only be\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=645292"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645292\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645261"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645292"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645292"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}