14 Hrs
Source:
المصري اليوم
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Global inflation raises commodity costs
The report from the Egyptian Center for Economic Studies indicates the continued rise of inflationary pressures worldwide, with increases in energy, metals, and agricultural commodity prices, and some currencies depreciating against the dollar amid tightening monetary policies in major economies such as the United States and Europe. Nevertheless, Egypt showed relative stability in its external financing indicators, with foreign reserves and net international assets increasing, although the value of the Egyptian pound remained under pressure against the dollar. The report confirmed that the gradual decline in inflation and the Central Bank of Egypt’s commitment to maintaining current interest rates reflect an attempt to balance economic stability with external pressures.
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