Egypt’s central bank expects inflation to halve from 2024 levels
Projection comes ahead of this week’s rate decision
The Central Bank of Egypt expects inflation to average around 14–15% this year, down from 28.3% in 2024.
The bank made the forecast in its monetary policy report, published on May 19, which covers developments since the third quarter of 2021.
It expects average inflation to decline further next year to 10–12.5%, still above its target of 7% with a two percentage point tolerance band. The bank only expects to meet the target by the final quarter of 2026.
It attributed the persistence of inflation to
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