Skip to content

Subscriber Only

Economics

Room for More Egypt Rate Cuts Even as Inflation Accelerates

Street vendors sell shoes and clothes at the Al-Attaba market in the centre of Cairo. — Street vendors sell shoes and clothes at the Al-Attaba market in the centre of Cairo.
Photographer: Khaled Desouki/AFP via Getty Images

By

Tarek El-Tablawy

January 9, 2020, 7:06 AM UTCUpdated onJanuary 9, 2020, 5:29 PM UTC

Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.

Inflation in urban parts of Egypt accelerated for the second consecutive month in December, but at a pace that still gives the central bank ample room to cut borrowing costs again.