Central Bank of Egypt Will Hold Rates In H2 2024
Country Risk / Egypt / Fri 10 May, 2024
Key View
- We expect that the Central Bank of Egypt will hold its overnight deposit and lending rates at 27.25% and 28.25% respectively until end-2024 mostly due to receding FX risks and slowing inflation.
- We think that the CBE will start its monetary policy easing cycle in 2025 as inflation will trend further down, from 29.0% in 2024 to 11.8% in 2025