Egypt’s central bank lowered key interest rates by 100 basis points on Thursday, bringing borrowing costs to their lowest level since July 2023 as inflation cools and the pound stabilises.
The move marked a second consecutive rate cut and was widely anticipated by analysts, most of whom had for
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Bunmi Bailey
Bunmi holds a degree in Economics from the University of Lagos and has over eight years of experience in content writing and journalism.
Her career spans roles as a financial and business journalist at BusinessDay Media and TechCabal, and as Head of Research at SBM Intelligence, an Africa-focused market intelligence and strategic consulting firm.
She also served as Editor at Finance in Africa, a subsidiary of Businessfront and is currently Assistant Editor, Finance (Africa), at BusinessDay.
