Reported 5 months ago
Egypt's central bank is set to review interest rates for the first time after a significant hike following the devaluation of the pound in March. While most economists expect the benchmark rate to remain at 27.25%, Goldman Sachs stands alone in predicting a rate cut to 25.75%. The potential easing of policy comes amid a slowdown in inflation and stability in the exchange rate, with the IMF expecting inflation to decelerate further. The decision will be crucial in balancing inflation, monetary policy credibility, and attracting investors in Egypt's financial markets.
Source: YAHOO