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Egypt Inflation at Nine-Year Low Gives Scope for More Rate Cuts

  • Six of 7 economists expect central bank to cut rate next week
  • Real interest rate is at around 10% -- near highest in world
General Economy And Political Posters Ahead Of Egypt Election
Photographer: Sima Diab/Bloomberg
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Egypt’s inflation rate slowed to its lowest level in over nine years, offering fresh ammunition for the central bank to move ahead with another rate cut when it meets next week.