What is the aim of Banque Misr’s one-year savings certificate at 25% interest rate return?

However the conditions are that the funds are to be spent at the end of the period, or 22.5 percent interest rate to be spent monthly.

Economic researcher Mohamed Mahmoud Abdel Rahim explained that new high-interest certificates are often issued as a complementary measure to raising interest rates by the Monetary Policy Committee of the Central Bank of Egypt, to combat rising inflation and absorb liquidity.

There are always negative effects of raising the interest rate, especially on direct investment, as there is a guaranteed return without any risks of up to 25 percent annually, at a time when there are many investments that do not reap profits that reach these rates, Abdel Rahim added.