ANALYSIS-As deficit soars, Egypt expands money supply, fuelling inflation

  • Date: 14-Jul-2023
  • Source: Nasdaq
  • Sector:Oil & Gas
  • Country:Egypt
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ANALYSIS-As deficit soars, Egypt expands money supply, fuelling inflation

Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug widening budget deficits.