Middle East & North Africa Economics

Middle East Chart Book

28 February, 2019

Rates in Egypt and Tunisia head in opposite directions

Interest rate moves in Egypt and Tunisia this month highlighted the important role that balance of payments positions are playing in monetary policy decisions. In Egypt, tighter fiscal policy and the devaluation of the pound in late-2016 have contributed to a sharp narrowing of the current account deficit over the past two years – it now stands at less than 2.5% of GDP. This has eased pressure on the pound and, combined with weaker price pressures, prompted the central bank to resume its easing

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.