He also said Egypt’s engagement with the International Monetary Fund (IMF) remains important not only for financing, but also for technical coordination and reform monitoring, with continued cooperation expected as policy implementation progresses.
Al Saraf noted that the Central Bank of Egypt (CBE) continues to prioritize inflation as the main policy anchor, closely monitoring the impact of interest rates on price dynamics and overall demand.
IMF chief Kristalina Georgieva reaffirmed strong support for Egypt during talks with President El-Sisi in Kenya.
In its latest Monetary Policy Report, the central bank projected average annual headline inflation to range between 16% and 17% in 2026, and between 10% and 13% in 2027, compared with 27.4% recorded last year.
According to the statement, the monthly inflation rate for January 2026 stood at 1.5%, compared to 0.1% in December 2025.
