The bank said Maersk’s announcement on January 15 marked its first structural return to the trans-Suez route after months of disruption linked to regional tensions.
Morgan Stanley’s baseline scenario projects that Egypt’s inflation rate will decline to 14.5% by the end of 2025.
Morgan Stanley foresees a gradual easing of monetary policy throughout the year, with the policy rate potentially reaching 17.25% by December 2025. This would bring the rate down from the current 27.25%, while inflation is expected to stabilize around 14% in 2025.
The report emphasized the need to watch for sustained moves toward more FX flexibility, anticipating positive outcomes like increased FX inflows, reserve accumulation, and macroeconomic stabilization.
Egypt is required to pay $29.23 billion in external debt service in 2024
