Cairo – Mubasher: Egypt’s central bank is expected to leave interest rates on hold at next week’s monetary policy meeting, after the inflation data issued today, said Capital Economist in a report.
Egypt’s core CPI increased by 0.96% month-on-month in November 2015 compared to an increase of 1.23% in October. The annual rate rose to 7.44% in November from 6.26% in October, according to the central bank.
“The further rise in Egyptian inflation to 11.1% y/y in November, alongside fresh fears over the fragile external position, is likely to add to policymaker’s concerns,” said Capital Economist.
