23 Hrs
Source:
مصراوي
_1777352142843_145525226.png&w=64&q=75){kind=small}
S&P predicts pound at 52 in 2027
Standard & Poor’s Global Agency has projected that the Egyptian pound will depreciate to 52 dollars by the end of 2027, compared to their previous estimate of 49.2 pounds by the end of 2026. The currency is expected to continue weakening, reaching 55 pounds by the end of 2028 and 57 pounds by the end of 2029. Additionally, the agency predicts Egypt’s inflation rate will decline to 12.9% in 2027, down from the estimated 13.3% in 2026, and continue decreasing to 10.8% in 2028 and 8.6% in 2029, restoring inflation to single-digit levels. The depreciation of the pound has been accompanied by a slowdown in inflation, partly due to the negative impacts of the US-Iranian conflict. Despite these developments, the Central Bank has maintained interest rates steady at 19% for deposits and 20% for loans.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)