Middle East & North Africa Rapid Response Egypt Consumer Prices (Nov.) Egypt’s CPI inflation rate jumped from 16.2% y/y in October to 18.7% y/y in November – its fastest pace in five years. The headline rate only is set to only climb higher and the Central Bank of Egypt... 8th December 2022 · 2 mins read
Middle East & North Africa Rapid Response PMIs (Nov.) November’s batch of PMIs provide further evidence that the non-oil sectors in the Gulf economies are rounding off the year on a strong footing. 5th December 2022 · 2 mins read
Middle East & North Africa Rapid Response Saudi Arabia Consumer Prices (Oct.) Saudi inflation eased a touch from 3.1% y/y in September to 3.0% y/y in October (Consensus: 3.0% y/y; CE: 2.8% y/y) and we think the headline rate will continue to slow heading into 2023. 15th November 2022 · 2 mins read
Middle East & North Africa Rapid Response Egypt Consumer Prices (Oct.) The acceleration in Egypt’s CPI inflation rate from 15.0% y/y in September to a four-year high of 16.2% y/y in October (consensus 15.6% y/y, CE 15.8% y/y) lends support to our view that policymakers... 10th November 2022 · 3 mins read
Middle East & North Africa Rapid Response PMIs (Oct.) October’s batch of PMIs picked up in most of the region but there remains a stark divergence in growth prospects between the Gulf and non-Gulf economies. 3rd November 2022 · 2 mins read
Middle East & North Africa Rapid Response Egypt shifts to flexible exchange rate, hikes interest rates Egypt’s central bank has just announced that it is shifting to a more flexible exchange rate regime, which we think will result in the pound falling 18% to 24/$ by end-2023 if not sooner. The move... 27th October 2022 · 2 mins read
Middle East & North Africa Rapid Response Egypt Interest Rate Decision (Aug.) 18th August 2022 · 2 mins read
