Adjusting Egyptians’ Inflation Expectations
Source: Carnegie Endowment Author(s): Brendan Meighan Original Link: http://carnegieendowment.org/sada/71342 The Central Bank of Egypt’s (CBE) decision to raise its interest rates by 2 percentage points on May 21, 2017 caught the Egyptian business community and investors by surprise. In a Reuters survey of economists following the Egyptian market conducted five days prior, all but one of the...
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