Egypt Inflation Reaches 7-Year High

The video discusses the recent spike in inflation to 12.3% due to seasonal factors like Ramadan and a significant devaluation of the Egyptian pound by 13%. The devaluation has led to a thriving black market for dollars. The Central Bank faces pressure to devalue again unless it receives substantial dollar inflows. The video also highlights the challenges faced by the Central Bank, including high inflation and borrowing costs, and examines the Egyptian stock market's performance, which has seen gains but also poses risks.

What challenges does the Central Bank face in managing inflation and government borrowing costs?

What is the current state of the Egyptian stock market in relation to the devaluation, and what risks does it face?