Fitch Solutions warns of high inflation rates in Egypt
Inflation remains a major concern for Egyptians and will lead to a sharp rise in borrowing costs, warned Fitch Solutions, one of the Fitch Ratings companies. Since March 2022, the increase in the value of loans has been driven almost entirely by a revaluation of loans after three currency devaluations, Fitch Solutions said in a …
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Egypt Independent
June 28, 2023
