{"id":648038,"date":"2017-05-25T04:13:47","date_gmt":"2017-05-25T04:13:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/"},"modified":"2017-05-25T04:13:47","modified_gmt":"2017-05-25T04:13:47","slug":"interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/","title":{"rendered":"Interest rates hike will exacerbate slump in the automotive market -Naggar"},"content":{"rendered":"

The CBE\u2019s decision to hike interest rates by 200 bps will see the auto market contract by a further 50%, Egyptian Automotive and Trading Company Executive director Karim Naggar tells Al Mal<\/a>. Auto companies are unlikely to make new investments, as they deposit their money in banks, and expect consumers to do the same, says Naggar.<\/p>\n","protected":false},"excerpt":{"rendered":"

The CBE\u2019s decision to hike interest rates by 200 bps will see the auto market contract by a further 50%, Egyptian Automotive and Trading Company Executive director Karim Naggar tells Al Mal. Auto companies are unlikely to make new investments, as they deposit their money in banks, and expect consumers to do the same, says […]<\/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":[9291],"tags":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648038","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"85cedf12-405b-4c9c-8616-60dc9b0e790f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648002],"teaser":"","voice_url":""},"yoast_head":"\nInterest rates hike will exacerbate slump in the automotive market -Naggar - 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\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest rates hike will exacerbate slump in the automotive market -Naggar\" \/>\n<meta property=\"og:description\" content=\"The CBE\u2019s decision to hike interest rates by 200 bps will see the auto market contract by a further 50%, Egyptian Automotive and Trading Company Executive director Karim Naggar tells Al Mal. Auto companies are unlikely to make new investments, as they deposit their money in banks, and expect consumers to do the same, says […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-25T04:13:47+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Interest rates hike will exacerbate slump in the automotive market -Naggar\",\"datePublished\":\"2017-05-25T04:13:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/\"},\"wordCount\":66,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/interest-rates-hike-will-exacerbate-slump-in-the-automotive-market-naggar\/\",\"name\":\"Interest rates hike will exacerbate slump in the automotive market -Naggar - 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