Cairo – Mubasher: Egypt’s inflation rate is expected to average at 4.8% during fiscal year 2020/2021 before rising again in the next fiscal year, Beltone Financial said in a recent research note.
The inflation rate is projected to remain within the Central Bank of Egypt’s (CBE) target range of 9% plus or minus three percentage points, the research firm pointed out.
In addition, the CBE is forecast to lower interest rates by at least 100 basis points in 2021.
The Egyptian pound is likely to remain stabilised to register EGP 15.78 against the US dollar in 2021 and to further appreciate over the coming five years.
