Middle East & North Africa Economics

Middle East Data Response

12 November, 2018

Egypt Consumer Prices (Oct.)

The further rise in Egyptian inflation in October, taking it above the upper bound of the central bank’s end-year target range, raises the risk that policymakers will hike interest rates at this week’s MPC meeting. But with underlying price pressures still subdued, we think it is more likely that interest rates will be left unchanged.

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