The modest rise in Egyptian inflation in January leaves it below the mid-point of the central bank’s target range and, after pausing for breath at the last MPC meeting, we think that policymakers will resume their easing cycle this month. We have pencilled in a 50bp reduction in the overnight deposit rate to 11.75%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services