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Egypt’s inflation is cooling. Why keep rates high?

Cairo, Egypt. Photo by Spencer Davis @ Unsplash
Cairo, Egypt. Photo by Spencer Davis @ Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Central bank keeps deposit rate at 19% as inflation cools.
  • Regional conflict and fiscal tightening could revive price pressures.

 

CAIRO, EGYPT – Egypt’s central bank held interest rates steady as easing inflation collided with regional security, energy and fiscal risks that could still reignite price pressures.

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