SecteursReliance On Central Bank Finance Could Raise Inflationary Pressures...

Reliance On Central Bank Finance Could Raise Inflationary Pressures In Egypt

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Egypt unrestThe Egyptian government is facing an increasingly difficult set of economic circumstances that could raise inflationary pressures and lead to further social unrest, says a report by Standard & Poor’s Ratings Services. Titled « Reliance On Central Bank Finance Could Raise Inflationary Pressures In Egypt, » the report points out that since the popular uprising of 2011, economic growth in the country has been weak and the Central Bank of Egypt (CBE) has seen a sharp drop in its foreign exchange reserves.

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