Egypt Poised for Another Rate Cut Before Possible ‘Summer Break’

Egypt looks poised to make one more interest-rate cut before the summer, when an anticipated new batch of economic reforms may prompt renewed caution over consumer prices.

While inflation has ticked up for two months and April saw the North African country’s first monetary easing in five years, the gap between those figures — the so-called real rate — remains one of the world’s highest, at about 11%.