The Central Bank of Egypt (CBE) announced that it raised interest rates by 200bp, taking the overnight deposit rate to 18.25%, this evening in a much-needed decision. While this is clearly a positive step in terms of helping to bring down inflation, restoring investor confidence and shoring up the currency, we still think that there is scope for further tightening to come.
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