3 Days
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مصراوي
Egypt Rates Seen Steady
JPMorgan expects the Central Bank of Egypt to keep interest rates unchanged at its December meeting, unless renewed pressure on the exchange rate emerges. It also expects monetary easing to be postponed until the second half of 2027. The forecast follows a 100-basis-point rate hike, bringing the deposit rate to 20% and the lending rate to 21%. The real interest rate has risen to around 6%, providing a buffer against inflation.
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