A recent Reuters poll suggests that Egypt's annual inflation rate is likely to witness a slight decline in March, continuing the downward trend seen in February, which was largely attributed to a favorable base-year effect.
Analysts believe that the anticipated drop in inflation could prompt the Central Bank of Egypt to cut interest rates during its upcoming policy meeting on April 17. However, the expected rate cut may be modest due to ongoing global market volatility, especially in light of recent economic disruptions triggered by former U.S. President Donald Trump's decision to impose new tariffs.
Despite inflation cooling, economic analysts remain cautious, pointing to the global uncertainties that may influence the central bank’s next move. The bank will have to balance its monetary easing efforts with the need to maintain macroeconomic stability in a turbulent international environment.
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