Egypt: True to expectation, the central bank left interest rates unchanged yesterday. The statement was neutral on the recent increases in inflation, citing base effects and muted core CPI. On growth, the committee noted the strong economic recovery, particularly the 2Q21 print of 7.7% which brought the full year FY20/21 growth to 3.3%.

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Egypt: True to expectation, the central bank left interest rates unchanged yesterday. The statement was neutral on the recent increases in inflation, citing base effects and muted core CPI. On growth, the committee noted the strong economic recovery, particularly the 2Q21 print of 7.7% which brought the full year FY20/21 growth to 3.3%.

See omnystudio.com/listener for privacy information.