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بوابة أخبار اليوم
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Banking expert predicts unchanged rates
It is expected that the Central Bank of Egypt will hold interest rates steady at its upcoming meeting on September 24, amid ongoing high core inflation and a decline in urban general inflation. The annual urban general inflation rate reached 14.5% in August, while core inflation stood at 14.9%, with expectations that reducing inflation soon will be difficult due to persistent upward pressures on prices, despite monthly inflation remaining at low levels. The bank is anticipated to choose to keep rates unchanged by approximately 70%, but there is a 20% chance of a rate hike if inflationary pressures continue, while a rate cut is not expected under the current scenarios.
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