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Egypt's central bank lowers inflation forecasts, holds rates
Original: CBE lowers inflation forecasts, keeps key rates unchanged
The Central Bank of Egypt has revised down its inflation forecasts while keeping its key interest rates unchanged. The decision signals that policymakers see price pressures easing, but prefer to wait for more evidence before loosening monetary policy. Economists are weighing what the improved outlook means for the timing of future rate cuts and for Egypt's broader economic reform programme.
Why now: Markets and businesses are watching Egypt's inflation path and waiting for signs of when interest rate cuts may begin.
Evidence
- CBE lowers inflation forecasts, keeps key rates unchanged · Dailynewsegypt
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