Egypt's Central Bank likely to maintain high interest rates amid inflation fears.

Egypt's Central Bank is expected to keep its key interest rates unchanged at a record high due to ongoing inflation concerns. The bank aims to stabilize the economy following a $57 billion bailout earlier this year. However, the recent weakening of the Egyptian pound might add inflationary pressures. Investment banks predict rates will stay high until at least the end of the first quarter, as the bank awaits a significant decline in inflation.

3 months ago
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