Central Bank Holds Policy Steady as Egypt’s June Inflation Slips to 14.3%

CAIRO — The Central Bank of Egypt (CBE) kept its benchmark interest rates unchanged on Thursday after new data showed annual urban consumer inflation eased modestly to 14.3% in June, reinforcing expectations that policymakers may resume their monetary easing cycle later this summer if disinflation continues. According to the Central Agency for Public Mobilisation and [...] The post Central Bank Holds Policy Steady as Egypt’s June Inflation Slips to 14.3% appeared first on The Middle East Observer .