The further rise in Egyptian inflation to 11.1% y/y in November, alongside fresh fears over the fragile external position, is likely to add to policymaker’s concerns. For now, we expect the central bank to leave interest rates on hold at next week’s MPC meeting, but there is a growing risk that rates could be hiked.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services