The jump in Egyptian inflation in February has reduced the chances that the central bank will loosen policy at this month’s MPC meeting, but subdued core price pressures and strong capital inflows mean we think that an interest rate cut is still more likely than not. Further ahead, we expect that the easing cycle will be deeper than most currently anticipate.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.