[Infograph] The gains and losses of moving interest rates: What a CBE change of heart could result in

(Photo courtesy of Ibrahim.ID via WikiCommons)

Opposite to what economists and experts have been forecasting, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to cut its overnight deposit rate from 16.75 percent to 15.75 percent, and its lending rate from 17.75 percent to 16.75 percent.

Ahead of the decision that was announced in a statement Thursday, several researchers and investment banks were expecting the CBE to keep the rates unchanged.

Just in time for the debate, Dcode for Economic and Financial Consulting which expected that the interest rates would be cut, published an infograph on the positive and negative sides of either raising or lowering interest rates.

Click on image to enlarge. 

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