Standard Chartered anticipates CBE to trim interest rate by 2% in next MPC meeting

Updated 4/14/2025 2:35:00 PM
Standard Chartered anticipates CBE to trim interest rate by 2% in next MPC meeting

Arab Finance: Standard Chartered Egypt expects the Central Bank of Egypt (CBE) to slash interest rates by 2% at its May 1st Monetary Policy Committee (MPC) meeting to support economic growth and ease fiscal pressures, following a period of sustained high rates.

The bank also forecasts the EGP/USD exchange rate to reach 54 by the end of 2026.

 

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