Prasad: We Expect Inflation Numbers to Rise

The video discusses the economic challenges faced by Egypt and Turkey. Egypt is dealing with rising inflation due to food and fuel costs, and there is speculation about potential rate hikes by the new Bank of Egypt Governor. Discussions with the IMF suggest a move towards a flexible exchange rate. Meanwhile, Turkey is experiencing an inflation rate of 80%, with the lira being one of the worst-performing currencies. The producer price index is alarmingly high, and there is skepticism about the official inflation data. Both countries face significant economic pressures with no immediate policy changes expected.

What are the main factors contributing to the inflation in Egypt as discussed in the video?

• Decreasing interest rates

• Rising food and fuel costs

• Increased foreign investments

• Stable currency value

What is the expected action of the new Bank of Egypt Governor regarding interest rates?

• Abolish interest rates

• Increase interest rates

• Maintain current interest rates

• Decrease interest rates

What economic strategy is Egypt considering with the IMF's involvement?

• Reducing government spending

• Increasing import tariffs

• Implementing a flexible exchange rate

• Adopting a fixed exchange rate

What is the current inflation rate in Turkey as mentioned in the video?

• 50%

• 60%

• 80%

• 70%

What is the main reason for the lack of policy measures in Turkey to counteract inflation?

• International support

• Political stability

• Current economic policy

• Economic growth