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Egypt central bank raises rates for first time since March 2024
Original: Egypt's central bank makes first rate hike since March 2024
Egypt's central bank has raised interest rates for the first time since March 2024, according to Reuters. The move marks a shift after a prolonged pause in monetary tightening, and is being watched for what it signals about inflation pressures and the direction of the country's economic reform programme.
Why now: A change in monetary policy after a long pause has immediate implications for inflation, the Egyptian pound and investors.
Evidence
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