1 Day
Source:
وكالة صدى نيوز
Egypt inflation rise and interest rates
The article discusses the impact of the accelerated annual inflation rate in Egypt during July 2026 on the expectations for interest rate cuts. It points out that S&P Global Research Unit indicates that the rise in inflation to 14.9%, up from 14.3% in June, may postpone the decision to start lowering interest rates to the second half of the year, provided that inflation expectations decrease by then. The article clarifies that the Central Bank of Egypt maintained interest rates unchanged in July at 19% for deposits and 20% for borrowing, with expectations that inflation will peak in the third quarter before starting to decline. Despite improved forecasts from the bank and currency exchange rates, inflation remains exposed to upside risks due to regional conflicts and uncertainty, with projections that such circumstances will delay the start of monetary easing until early 2027.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)