CPI To Moderate By Year-End

BMI View: Inflation in Egypt will head lower from August as the impact of subsidy cuts enacted last year wears off. This will allow the c entral b ank to cut interest rates by 25 - 50 b asis p oint s in Q415, in a bid to bolster the recent nascent growth. Weakness in the currency will temper some of this effect and we forecast annual CPI inflation to come in at 10.0% by year-end , down from the 11.4% recorded in June.We expect headline consumer price inflation (CPI) in...

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