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Egypt's Central Bank Likely to Adjust Rates
It is expected that the Central Bank of Egypt will remain steady on interest rates at the upcoming meeting, maintaining a rate of up to 70%, despite the rise in both overall and core inflation above the targeted 9%. The decision mainly depends on local inflation developments and the exchange rate, amid ongoing pressures from rising energy prices and the exit of foreign investors. Meanwhile, the Federal Reserve's recent 0.25% rate hike could increase pressure on emerging markets, though it does not automatically lead to an increase in Egyptian interest rates. Research firms forecast that the Central Bank may raise interest rates by up to 1% in the last quarter of 2026 if inflationary pressures persist, in addition to continued declines in foreign reserves and the effects of fluctuating investment flows on the exchange rate and the Egyptian pound.
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