Egyptian Rate Intrigue May Hold Clues to What’s Ahead

Egypt’s central bank is plotting out its next moves on interest rates to get a grip on inflation that only threatens to get worse because of depreciation pressure on the pound.

The fastest increases in consumer prices since 2018 mean monetary tightening is likely to resume this week. But the market is also on the lookout for more guidance from policy makers, with the currency still weakening and in the spotlight after its devaluation earlier this year.