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What got us there: A float of the EGP and a 600 bps rate hike
The EGP fell to record lows, before settling at 49.5 against the USD
Non-oil private sector activity falls to 11-month low on the back of Red Sea disruptions, high inflation
Non-oil private sector activity has been in contraction for more than three years
Mahmoud Mohieldin shares regional and global outlook at EFG Hermes’ One-on-One conference
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
OECD lays out policy recommendations after forecasting growth dipping to 3.2% in FY 2023-24
OECD says confidence in public finances must be restored to lure back foreign capital
Inflation drops to its lowest level since January 2023
Annual inflation in urban areas slowed to 29.8% in January from 33.7% in December
THIS EVENING: Inflation cools in January, falls to 11-month low
Happy THURSDAY, friends. It’s a relatively busy end to the week as we jump headfirst into the weekend. THE BIG…
January’s inflation figures should be out soon
Good morning, friends. We lead this morning with a new development in the Ras El Hekma saga, more whispers about…
Could Ramadan come bearing lower prices?
Good news on the airwaves last night: Between falling commodity prices and predictions of a stable EGP / USD exchange…
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