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Egypt Adjusts Economic Sails

  • February inflation reported at 35.7%, contrasting with analysts’ lower expectations.
  • CBE implements rate hikes and currency devaluation to navigate economic challenges.

 

Egypt’s inflation rate for February saw a significant rise to 35.7%, up from January’s 29.8%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS), Egypt’s official statistical agency.

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