埃及：12月通胀率持平，2026利率或降700基点

Core Viewpoint - Egypt's inflation rate remained stable at 12.3% in December, creating conditions for potential interest rate cuts by the central bank in 2026 [1] Group 1: Inflation Data - The urban consumer price index in Egypt showed a month-on-month inflation rate of 0.2%, down from 0.3% in November [1] - The overall inflation rate has halved over the past 12 months, despite adjustments in subsidized goods pricing and rising rental costs [1] Group 2: Central Bank Outlook - The Central Bank of Egypt anticipates a decline in consumer price growth by 2026, despite facing non-food inflation pressures and geopolitical disturbances [1] - The current benchmark deposit rate stands at 20%, with the next rate decision scheduled for February 12 [1] - Goldman Sachs predicts a potential reduction of 700 basis points in the benchmark deposit rate by 2026 [1]