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Sunday, 14 October 2018

Tarek Amer says policy makers must consider “community impact” of their decisions

** #3 Tarek Amer says policymakers must consider “community impact” of their decisions: Authorities must consider the political and community impact of changes in monetary policy, CBE Governor Tarek Amer said on Thursday at the IMF and World Bank annual meetings in Bali. “Policymakers have to have the sense of the market,” Amer said, according to Bloomberg. “At the end of the day these decisions are very political. … You have to have an understanding of the psychology of your community. You can’t be in closed-doors and think raising interest rates is good, but you don’t know how the community is going to take that.’’ Bloomberg writes that the remarks offered a “rare glimpse into the concerns facing the central bank as it decides whether to reduce interest rates to ease the budget deficit and boost growth.”

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