North Africa

Monthly political risk, economic forecasts and business environment analysis on each country market

Latest North Africa Analysis

Economic Analysis - No More Hikes In Current Cycle - NOV 2017

The Central Bank of Egypt has come to the peak of its hiking cycle, and while we do not expect cutting to start until 2018, nor we do not expect any further interest rate rises. With price growth still elevated, and high interest rates helping to attract strong inflows of foreign capital, we expect the pace of the cutting to be fairly moderate next year.