PM, CBE Governor Review Efforts to Slow Inflation Rate

Prime Minister Mostafa Madbouly met with Hassan Abdullah, Governor of the Central Bank of Egypt (CBE) to review efforts to reduce the inflation rate through various mechanisms, including monitoring markets and increasing the supply of goods, which contributes to reducing their prices.

This came during their meeting, Thursday, at the government headquarters in the New Administrative Capital.

Mohamed El-Homsani, the official spokesman for the cabinet explained that the meeting reviewed the files of joint cooperation between the government and the Central Bank during the next stage, where emphasis was placed on the continuation of joint work between the two sides to achieve the goals of increasing the foreign currency receipts from various sources of income, most notably exports, direct foreign investments (FDI), and tourism, which is what It raises foreign exchange reserve rates.