The further drop in Egyptian inflation in September to a seven-year low of just 4.8% y/y means that the central bank will press ahead with its easing cycle over the coming months. We now expect a 100bp reduction (previously 50bp) in the overnight deposit rate at November’s MPC meeting.
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