EgyptEconomy

Egypt Maintains Record-High Interest Rates Amid Economic Uncertainties

1 month ago

In a significant move reflecting the country's challenging economic landscape, Egypt has decided to sustain its record-high interest rates as it grapples with inflationary pressures and the potential for an imminent fuel price increase. This decision comes at a crucial juncture, as the government prepares for a review by the International Monetary Fund (IMF) regarding its ongoing economic reform program.

Progress in IMF Talks Signals Hope for Egypt's Economic Recovery

1 month ago

The International Monetary Fund (IMF) has announced that discussions regarding Egypt’s ongoing economic program will continue, highlighting positive developments in the negotiations for financial support. As Egypt grapples with significant economic challenges, the continuation of these talks offers a glimmer of hope for the country’s financial stability.

Egypt's Surprise Inflation Surge Delays Anticipated Rate Cuts Until 2025

2 months ago

In an unexpected turn of events, Egypt has recorded a significant increase in inflation, a development that may shift the timeline for anticipated interest rate cuts well into 2025. The latest economic indicators have revealed a jump in inflation rates, unexpectedly complicating the Central Bank's monetary policy strategies. With inflation demonstrating resilience contrary to prior projections, analysts are reconsidering their forecasts for the Egyptian economy moving forward.