Cairo – Mubasher: The Central Bank of Egypt (CBE) may cut key interest rates by 100 points at its monetary policy meeting this month as the country’s inflation rate sharply dropped last February, according to a recent report by Capital Economics on Thursday.
Inflation rate and interest rates are projected to fall more than expected over the next two year, the report highlighted.
Interest rate is forecast to reach 13.75% this year, versus expectations that it would hit 14.25%, the report added.
Given that the Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement today that Egypt’s annual inflation rate dropped to 14.3% year-on-year in February 2018.
