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Barclays expects Central Bank of Egypt to hold interest rates through end-2026

Barclays expects the Central Bank of Egypt (CBE) to keep interest rates unchanged through the end of 2026, despite June's sharper-than-expected slowdown in inflation, according to a report cited by Al Mal. The CBE's decision to keep the overnight deposit rate unchanged at 19% for a third consecutive meeting reflects the Monetary Policy Committee's (MPC) adherence to a cautious monetary policy aimed at containing inflationary pressures and preserving price stability. [...]