Arab Finance: The National Bank of Kuwait (NBK) expects the Central Bank of Egypt (CBE) to slash interest rates by 4% in the next monetary policy committee (MPC) meetings, driven by inflation trends and the need to maintain positive real interest rates.

NBK said the CBE’s recent rate cut was in line with its projections of a 2–3% reduction, adding that further easing is likely as inflationary pressures ease.

The bank forecasts general inflation to peak at 16% year-on-year by mid-2025 before falling to 14% by the end of the year.

It said this trajectory supports an additional 4% cut in interest rates, which would keep real rates in the 5–7% range.

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