Tomorrow will mark one year since Egypt’s central bank announced that it would move to a floating exchange rate. As we explain in this Watch, a weaker pound has yet to support a major improvement in the current account position and the recent surge in capital inflows is starting to ease. On a more positive note, some sectors have benefitted from a relaxation of FX restrictions, while inflation has now passed its peak and looks set to fall sharply.
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