Egypt Squeezes in Fifth Rate Cut of Year After Inflation Slows

Egypt’s central bank made its fifth interest-rate cut of the year, after a surprise slowdown in inflation gave authorities scope to resume an easing cycle.

By Tarek El-Tablawy, Sherif Tarek · Bloomberg Markets

Egypt’s central bank made its fifth interest-rate cut of the year, after a surprise slowdown in inflation gave authorities scope to resume an easing cycle.