Central Bank of Egypt hikes rate in bid to rein in rapid inflation

Muhammad Mansour

The Central Bank of Egypt is still feeling the effects of its November 2016 decision to float the Egyptian pound, hiking its policy rate 200 basis points on July 6 in a bid to contain rapid inflation.

In a statement after its monetary policy decision, the central bank noted inflation had fallen for the first time since October 2016, dropping to 29.7% in May from 31.5% in April. Nevertheless, it said the balance of risks has shifted towards the upside, and therefore chose to hike, bringing the

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

If you already have an account, please sign in here.

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