As the world is edging closer to declare victory in one battle against COVID-19, most central banks and monetary authorities around the world are gearing up to face yet another coronavirus variant and its tail risks. In light of the growing virus-driven global inflationary pressures, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) heads into its upcoming meeting tomorrow, bearing in mind a major concern of how to balance between anchoring inflation expectations and facing the uncertainties over pandemic-driven tail risks of inflation and tightening global monetary conditions.
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Mona Bedeir
Chief Economist
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