Economics

Looming Fed Taper Set to Keep Egypt Rates High

General Economy And Political Posters Ahead Of Egypt Election — Photographer: Sima Diab/Bloomberg

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By Mirette Magdy

September 16, 2021 at 4:00 AM UTC

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Egypt looks set to retain the world’s highest real-interest rate on Thursday, readying to cushion itself from the potential impact of the U.S. Federal Reserve’s tapering on emerging markets.