Egypt Set to Hold Rates as Trump’s Gaza Plan Stokes Uncertainty

Egypt will probably delay the start of its long-awaited monetary-easing cycle, as Donald Trump’s trade tariffs and controversial proposal to relocate Palestinians from Gaza stoke economic uncertainty.

With the North African nation also grappling with inflation that slowed less than expected, all but one of eight economists in a Bloomberg survey see the central bank holding its benchmark interest rate at record high of 27.25% for a seventh consecutive meeting on Thursday. The exception, Morgan Stanley & Co Intl Plc, forecasts a 200-basis-point cut.