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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

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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.