- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,197.90+0.17%
- INTEREST37.00%-1.00
- BITCOIN81,724-2.33%
- October 13, 202617°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,197.90+0.17%
- INTEREST37.00%-1.00
- BITCOIN81,724-2.33%
- October 13, 202617°
Central Bank of Egypt Expects Inflation to Accelerate Until the Third Quarter of 2026
The Central Bank of Egypt forecasts inflation to accelerate until the third quarter of 2026, then decline in 2027. Interest rates remain uncertain...
The Central Bank of Egypt (CBE) expects annual inflation to increase until the third quarter of 2026. The main reasons for this rise include supply-side pressures caused by regional conflicts, exchange rate movements, and fiscal regulations. The bank states that inflation will remain above the target range of 7% (±2%) in the last quarter of 2026 but will gradually decrease from the first quarter of 2027, approaching the target in the second half of the year. The Monetary Policy Committee decided to keep interest rates unchanged for the second time due to the uncertain external environment. Accordingly, the overnight deposit rate remained at 19%, the overnight lending rate at 20%, and the main operation rate at 19.5%. The committee noted that inflation slightly decreased in April, supported by a decline in food inflation, and that the March 2026 increase in energy prices caused temporary effects. Additionally, real GDP growth slowed to 5% in the first quarter of 2026, with further slowdown expected in the second quarter due to regional conflicts. The unemployment rate stood at 6.0%. Ongoing uncertainties in the global economy, geopolitical tensions, and supply chain issues also affect Egypt's economy. In this environment, the Central Bank aims to maintain a tight monetary policy to ensure inflation moves toward the target.
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