CBE lifts growth forecasts as economy withstands regional shock
· Egyptian market news
The country’s economy is proving more resilient than expected in the face of the Iran-US conflict latest Monetary Policy Report (pdf)
Inflation will remain elevated for some time:
A better-than-expected Suez Canal recovery is helping the growth outlook:
External buffers weathered the geopolitical shock: end of June
The current account remains a weak spot: Higher remittances
How a weaker EGP feeds into inflation:
The CBE isn’t declaring victory just yet: May July
The decision is due today annual urban inflation reading
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