Moreover, CBE decided to extend the inflation target ... “These developments, along with exchange rate depreciation, drove inflation above the target range, with annual headline inflation ...

The CBE expects inflation to decrease significantly ... vegetable and fruit prices due to seasonality. Regarding the exchange rate, the Egyptian pound has depreciated by 2.5% since the start ...

According to the CBE, this surge is largely driven by economic measures implemented in March 2024. Key reforms included the devaluation of the Egyptian pound and the adoption of a flexible exchange ...

The Central Bank of Egypt (CBE) has recently started tightening monetary policy to curb inflation, especially in light of the recent exchange rate depreciation. The CBE allowed the official exchange ...

After a decline in the early months of 2024, the value of gold reserves began rising in March, starting at $9.003bln ...