CBE policies aim at ongoing reduction of inflation rates: IMF

WASHINGTON - 11 October 2019: The International Monetary Fund (IMF) on Friday said that policies of the Central Bank of Egypt (CBE) are aimed at continuing the decrease of inflation rates in Egypt.

In its fifth and final revision of the performance of the Egyptian economy, the IMF expected that inflation will further go down to around five percent.

The IMF said in its report that enhancing social protection is one of the priorities of the Egyptian government since starting its economic reform program.

It added that social protection policies are focusing on important sectors such as health, education and infrastructure