Governor of the Central Bank of Egypt (CBE) Hassan Abdallah said Egypt has taken huge actions to mitigate the repercussions of coronavirus pandemic and the Russian-Ukrainian conflict on the national economy, asserting the country is ready to do more in this regard. The CBE governor made statements to Ahram Online, on the sidelines of his participation in the ongoing IMF’s and the World Bank Group’s (WBG) annual spring meetings in Washington DC. “The CBE’s primary focus in the current period is curbing inflation. We are targeting a 7 percent (±2 percent) inflation rate by the fourth quarter of 2026,” he added. Egypt’s headline inflation has remained in double digits since the start of the Ukr
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