Egypt to hold interest rates steady amid regional conflict
Economists expect Egypt to keep interest rates steady this week as regional conflict impacts inflation. Rising energy costs have paused a planned easing cycle.
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The Monetary Policy Committee of the Central Bank of Egypt is widely expected to maintain current interest rates during its upcoming meeting this Thursday. A unanimous forecast from a poll of 17 economists suggests that the bank will pause its easing cycle as regional instability involving the United States, Israel, and Iran creates new inflationary pressures.
