Middle East & North Africa Economics

Middle East Economics Update

23 April, 2015

Central Bank of Egypt stands pat as inflation rises

The decision by the Central Bank of Egypt to leave interest rates unchanged today was a close call, but it looks like the recent rise in inflation tipped the balance on the MPC away from lowering rates. Further ahead, inflation should drop back in the second half of this year and we think that this is likely to prompt the central bank to cut rates.

 

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