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Virus May Extend Egypt’s Rate Pause Even as Inflation Slows

  • Consumer prices hit 5.3% in February, well within target range
  • Virus outbreak, oil-price war may prompt central bank caution
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Photographer: Khaled Desouki/AFP via Getty Images

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The first slowing in Egyptian inflation since October may not spur further interest-rate cuts as authorities brace for the potential impact of the global coronavirus outbreak on capital outflows and tourism income.