Egypt’s Finance Minister, Mohamed Maait, on Tuesday said taming inflation is the country’s biggest priority after Cairo received an $8 billion bailout from the International Monetary Fund.
Inflation in Egypt slowed to 33.3 per cent last month from 35.7 per cent in February, but this is still well above the central bank’s long-term target of about 7 per cent.
Mr Maait also expressed hope that interest rates, which were raised by 600 basis points…
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