Egypt Jumbo Hike Too Small to Beat Inflation, Bond Buyers Say
- Traders hedge for more pound losses even after aggressive hike
- Templeton warns policy mix may not bring investment flows yet
A worker carries a tray of freshly baked bread in the Al-Khalifa district of Cairo, Egypt.
Photographer: Islam Safwat/BloombergThis article is for subscribers only.
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Egypt’s 200 basis-point interest rate hike has not satisfied bond investors who say the central bank must do more if it is to vanquish inflation and revive flagging financial market flows.