Geopolitical events cast shadow over expectations of pound’s interest, reserve, inflation

Geopolitical events cast shadow over expectations of pound’s interest, reserve, inflation

The geopolitical events in the region surrounding Egypt cast a shadow over the experts' expectations regarding the future of the pound against the dollar, interest rates, foreign exchange reserves and inflation in 2020.. According to a number of experts who have been polled by Daily News Egypt, these events make the prospect of the future extremely difficult, especially as they are closely related to foreign investments in government debt instruments, and oil prices, which are two major determinants in forecasting the future of the pound's exchange rate, interest, reserve, and inflation.. Regarding the future of the pound's interest rates, Abdel Aal said that annual inflation decreased to single digits by the end of December 2019, to reach 6.8% compared to 11.1% at the end of December 2018.. Abdel Aal stressed, "We must look at the package of cuts that occurred throughout 2019, amounting to 4.5%, and we measure and evaluate their effects on macroeconomic indicators accurately, so that the future interest rate is dealt with in a balanced manner, after having played its role in targeting inflation efficiently.". The CBE would receive foreign exchange surplus and channel it to support the reserve.. As for the direction of inflation, Metwally expects