Friday 18/April/2025 – 12:43 AM
The Monetary Policy Committee of the Central Bank of Egypt approved the reduction of the interest rate by about 2.25% in the second year of the current year 2025, for the first time since 2020.
A huge boom in car sales in the Egyptian market after the interest reduction is 2.25%
In this regard, Raafat Masrouja, a car expert, and the honorary president of the auto market information board, said that the central decision to decrease the interest rate is an excellent step for the Egyptian economy.
With regard to the Egyptian car market, Masoura indicated in exclusive statements to Cairo 24, that the reduction in the interest rate is due to the consumer, as it reduces the cost of buying cars from banks, whether direct loans with banks or through car companies, saying that it improves the purchasing power of the Egyptian consumer.
He explained that the Egyptian market will witness an increase in sales after the central decision, pointing out that the prices of cars have decreased at moderate rates during the past few days.
In a related context, cars expected to decrease the coming period, whether imported or locally collected.
