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Source: بوابة الشروق
9 Hrsبوابة الشروق
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JPMorgan raised its inflation forecast for Egypt to 14.3% by the end of 2026, as it awaits the pass-through to prices of the pound’s 7.3% decline since early October. The revision came after annual inflation reached 12.8% in September. The bank expects the coming inflationary wave to be less severe than the March shock, and considers the Central Bank’s 100-basis-point rate hike a sufficient pre-emptive measure. JPMorgan expects rates to remain unchanged in December unless pressure on the pound intensifies. It also expects inflation to fall below 10% and rate cuts to resume in the second half of 2027.
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