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Intesa San Paolo predicts 5% rate cut in 2027
Italy's Intesa Sanpaolo Group has forecasted that the Central Bank of Egypt will continue to cut interest rates after the first quarter of 2027, with the possibility of reducing them by up to 5% during the year 2027. This outlook depends on a decline in global energy prices, stability in the exchange rate, and continued reduction in inflation. The future outlook is contingent on improvements in these factors, as they suggest that the benchmark interest rate could fall to around 15% by the end of 2027, after the Central Bank maintained rates between 19% and 20% until the end of 2026. The report confirmed that inflation had fallen to 14.5% in August 2026, despite ongoing risks posed by rising energy prices and the weakening of the Egyptian pound against the dollar. It also noted that current monetary policy levels support a path toward further inflation reduction, although challenges related to energy prices and the exchange rate remain.
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