The Central Bank of Egypt’s decision to adjust its inflation target has sparked discussion among economic analysts. Experts suggest the move reflects a recalibration of monetary policy in response to evolving economic conditions, including currency fluctuations and external pressures.
An economic expert interviewed by Al-Masry Al-Youm explained that raising the inflation forecast does not indicate a loss of control but rather a realistic assessment of current market dynamics. Factors such as exchange rate volatility, global commodity prices, and supply chain adjustments have influenced price levels, prompting the central bank to revise its expectations.
The expert noted that maintaining price stability remains a core objective, but short-term flexibility allows policymakers to support growth while managing inflationary pressures. The revised target provides room for monetary authorities to balance between stimulating economic activity and preventing excessive price increases.
He added that such adjustments are common among emerging economies facing similar challenges and are often part of broader stabilization programs supported by international financial institutions. The central bank’s transparency in communicating these changes helps anchor inflation expectations among businesses and consumers.
While inflation remains a concern, the expert expressed confidence that targeted measures, including interest rate decisions and liquidity management, will help bring prices under control over the medium term.
— news from المصري اليوم
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