Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), said the bank has steadily navigated economic challenges through sustained and disciplined policy efforts. Similarly, the Bank of England raised its key interest rate to its highest level in 15 years. Monetary policy trajectories in major emerging economies, however, diverged during the period. The People’s Bank of China continued to cut interest rates, while the Central Bank of Brazil began easing its policy stance. Meanwhile, the Reserve Bank of India and the South African Reserve Bank maintained interest rates at elevated levels.

Source: Daily News Egypt January 17, 2026 15:27 UTC