He highlighted the formation of specific ministerial groups tasked with addressing short-term goals such as price controls, inflation reduction, and boosting investment opportunities, both domestic and foreign.
This brings the central bank’s key rate to 3.75%, down from a record 4% where it has been since September 2023
The overall monthly inflation rate for the entire country was recorded at 0.9% in April 2024, compared to 1.0% in March 2024.
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.