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Can Egypt cut rates? Inflation keeps policy tight

Vibrant street market scene with tuk-tuks in Egypt. Photo by Tito Zzzz @ Pexels
Vibrant street market scene with tuk-tuks in Egypt. Photo by Tito Zzzz @ Pexels
  • Egypt holds its deposit rate at 19% as inflation rises to 14.9%
  • Slower growth offers relief, but regional and fiscal risks threaten disinflation

 

CAIRO, EGYPT – Egypt’s central bank is keeping borrowing costs high as renewed inflation pressures and Middle East tensions complicate its path towards further interest-rate cuts.

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