**Economic Revolution in Egypt: Prospects for 2025 according to Mohamed al-Etreby**
At the beginning of 2025, a major announcement has shaken the Egyptian financial landscape: Mohamed al-Etreby, President of the National Bank of Egypt, is planning a significant drop in interest rates. This statement, made during a meeting with Prime Minister Mostafa Madbouly and investors from various sectors, brings great hope for the country’s economy.
According to al-Etreby, inflation is expected to begin a significant decline, leading in its wake to a reduction in interest rates of around three to six percent during 2025. This prospect, far from being anecdotal, paves the way for a more favorable financial climate for businesses and individuals, thus promoting economic development and investment.
The meeting between Prime Minister Madbouly and investors is of particular importance, highlighting the challenges facing the private sector and giving a voice to key players in the Egyptian economy. This willingness to consult and listen demonstrates the government’s willingness to work in collaboration with the various stakeholders to boost the national economy.
The economic indicators recently published by the Central Bank of Egypt confirm this downward trend in inflation. The annual core inflation rate fell to 23.7% in November, compared to 24.4% in October. This decrease was also reflected in the monthly core inflation rate, which fell to 0.4% in November 2024, compared to 1% a year earlier.
This decline in inflation is partly due to the decrease in the prices of basic foodstuffs such as poultry and eggs, although it was partly offset by an increase in the prices of some services such as rent. At the same time, the monthly general inflation rate is also decreasing, reaching five percent in November 2024.
This new economic dynamic, marked by the prospect of lower interest rates and inflation, opens up new opportunities for investment and growth in Egypt. The optimistic vision of Mohamed al-Etreby and the Egyptian government suggests a promising future for the country’s economy, raising hopes for sustainable and shared prosperity.