Improved economic conditions will speak louder than CBE governor’s statements to the press

The strengthening EGP speaks louder for the success of the CBE’s monetary policy than any of CBE Governor Tarek Amer’s statements and comments to the press, Mohamed Amin writes in a column penned for Al Masry Al Youm. This time around, the change in FX rates was not caused by speculation, but instead came after a series of policies enacted by the CBE, the columnist says. Amin also lauds Amer for keeping a low profile recently and refraining from commenting on economic developments, and allowing his team’s decisions to speak for themselves.