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Egypt's
Monetary Policy Objective
Law No. 88 of 2003
of the "Central Bank, Banking Sector and
Monetary System" entrusts the Central
Bank of Egypt (CBE) with the formulation
and implementation of monetary policy,
with price stability being the primary
and overriding objective. The CBE is
committed to achieving, over the medium
term, low rates of inflation which it
believes are essential for maintaining
confidence and for sustaining high rates
of investment and economic growth. The
Government’s commitment to fiscal
discipline is important to achieve this
objective. |