Skip to main content

Kuwait budget, COVID-19 restrictions, Egypt rate cut?

Kuwait’s budget laws have created problems financing the deficit that are now reaching a crunch point, but it seems most likely that the government will be able to get around these. Elsewhere, as COVID-19 outbreaks have worsened in the Gulf, governments have tightened restrictions that will put recoveries on ice. Finally, Egypt’s state-owned National Investment Bank reduced yields on certificates that could signal a possible rate cut at today’s MPC meeting. But, with inflation set to rise in the coming months, we think policymakers will hold off loosening policy until later in the year.

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


Get access