Economics
World’s Second-Highest Real Rate Could Be Here to Stay for Egypt
People ride a scooter along the commercial Talaat Harb street in Cairo, Egypt, on May 24.
Photographer: Samer Abdallah/AFP via Getty Images
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Egypt’s central bank will probably preserve one of the world’s highest inflation-adjusted interest rates when it meets on Thursday, which has drawn investors back to the nation’s assets.
For the first time since the end of February, Egypt this month saw net capital inflows, according to EFG Hermes, as sentiment turns in the country’s favor after assistance from the International Monetary Fund. Adjusted for prices, Egypt’s rates are second-highest only to Malaysia among more than 50 major economies tracked by Bloomberg.