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Banking Expert: Rising Inflation Boosts Treasury Yields
Expectations of rising inflation rates and the energy crisis have led to an increase in the yields of Egyptian Treasury bills, as experts confirm that the higher auction yields reflect concerns about future inflation. A 1% increase in yield results in an additional annual cost of over 100 billion Egyptian pounds for servicing public debt, thereby impacting the overall budget. It is anticipated that upward pressures on yields will continue due to declining electricity prices and regional tensions. The Central Bank is also expected to maintain a cautious stance, refraining from raising interest rates unless under exceptional circumstances. Controlling inflation remains crucial to avoid placing additional burdens on public finances and the economy.
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