24 Hrs
Source:
بوابة الشروق
_1777352244987_250242181.png&w=48&q=75){kind=small}
Central Bank expected to stabilize interest rates amid rising inflation
It is expected that the Central Bank of Egypt will keep interest rates steady at its upcoming meeting, due to the inflation rate reaching approximately 14.9% in July, with forecasts indicating it will continue to rise to around 16% during the third quarter of 2026. This increase is driven by higher electricity prices and geopolitical tensions affecting energy costs. The central bank aims to control inflation and reach a targeted level between 7% and 9% by the end of 2026, possibly waiting to see the impact of the electricity price hike before making a decision to cut rates. Inflation remains relatively under control despite the recent rise, thanks to factors such as dollar stability and increased foreign capital inflows, supporting the continuation of stable interest rates until the end of 2026.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)