t 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 achievingits monetary policy objectives.
The Q1 2025 MPR provides economic analysis of actualdevelopments 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. Thissection includes a forward-looking analysis of key macroeconomic variables, and an assessment of the risks surrounding the forecast trajectory, both of which are integral tothe monetary policy decision-making process. In addition to resuming the publication of the MPR, the CBE is makingsignificant progress to reinforce the pillars underpinning its inflation-targeting regime.
The complete report is now available in both Arabic and English on the official website of the Central Bank of Egypt.
Monetary Policy Sector
monetary.policy@cbe.org.eg
