The Central Bank of Egypt (CBE) is planning to start easing monetary policy ‘soon’, once it is convinced inflation has been reined in, Governor Tarek Amer said Tuesday. “We want to make sure inflation is under control before we move so that we don’t have to go back,” Amer told reporters in Cairo during a conference on financial technology. The CBE’s Monetary Policy Committee is scheduled to meet 15 February. Amer said foreign currency inflows into the economy since Nov 2016 have climbed to USD100bn – offering further evidence that reforms were paying off in the Arab world’s most populous nation.
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