Egypt fears second-round effects, raises rates

The Central Bank of Egypt has increased its three key rates in a bid to contain the impact of soaring food costs.

Headline CPI inflation rose to 20.2% in the year to June from 19.7% the previous month, with domestic food-price inflation remaining broadly unchanged. However, the central bank said it was concerned that food inflation could begin to impact prices for other products.

"International food prices are still high but have declined from their recent record levels over the past three

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.