Egypt's general consumer price index (CPI) reached 221.6 points in March 2024 and the monthly inflation rate reached 1% in March 2024, compared to 11% in February 2024
Hollar highlighted that 8 reviews are scheduled under the loan program with Egypt. These reviews will take place every 6 months, starting from the fourth review onwards.
According to CAPMAS, Egypt's monthly inflation rate was 11.0% for February 2024 compared to 1.7% for January 2024
Governor Hassan Abdalla emphasized the severity of inflation as the most pressing challenge faced by any economy
Additionally, the discount rate has been raised by 600 basis points to 27.75 percent
