The acceleration in Egypt’s CPI inflation rate from 15.0% y/y in September to a four-year high of 16.2% y/y in October (consensus 15.6% y/y, CE 15.8% y/y) lends support to our view that policymakers are likely to err on the side of delivering further monetary tightening.
This publication has been updated with further analysis, as well as a chart and table of key data.
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