CBE rate hike aims to sustain disinflation, ensure 2027 inflation target is met

The Central Bank of Egypt (CBE) said its decision to raise interest rates by one percentage point was a pre-emptive measure aimed at sustaining the downward trajectory of inflation and ensuring that it reaches the target of 7% (±2 percentage points), on average, in the fourth quarter of 2027. The CBE’s Monetary Policy Committee (MPC) […]