CBE Relaunches Publication of the Monetary Policy Report

As part of its ongoing efforts to implement an inflation-targeting framework and enhance its policy transparency, the Central Bank of Egypt has resumed the publication of its quarterly Monetary Policy Report (MPR). This initiative reaffirms the CBE’s commitment to clear communication and transparency, as the MPR serves as the primary tool for explaining the rationale behind monetary policy decisions. The CBE recognizes the vital role of clear communication and policy transparency in anchoring inflation expectations around the target, which is essential for achieving its monetary policy objectives.
The Q1 2025 MPR provides economic analysis of actual developments since Q3 2021, covering global trends and domestic developments. Specifically, the chapters of the MPR cover inflation; real, external, and monetary sectors; as well as domestic liquidity and financial conditions.
The report also includes an expanded outlook section that aims to provide stakeholders with a clearer understanding of the CBE’s policy direction in the near and medium terms. This section includes a forward-looking analysis of key macroeconomic variables, and an assessment of the risks surrounding the forecast trajectory, both of which are integral to the monetary policy decision-making process. In addition to resuming the publication of the MPR, the CBE is making significant progress to reinforce the pillars underpinning its inflation-targeting regime.