Egypt's banking sector will provide the foreign currency needed to secure imports of essential goods and production inputs, Prime Minister Moustafa Madbouly said Thursday, as authorities work to stabilise markets amid regional uncertainty. The prime minister, speaking at a meeting of the Supreme Committee on Market Regulation and Commodity Prices, pressed business leaders to do their part in curbing inflation, which remains a key barrier to cutting interest rates. "You always demand lower interest rates, but the central bank won't move until inflation comes down," Prime Minister Madbouly said. "That's your responsibility. Bringing inflation down serves all of us — government, citizens, manufacturers, exporters and traders." Egypt is stepping up efforts to safeguard strategic reserves of food and fuel while boosting private sector participation in price stability and supply chains. The government aims to ensure food security, increase production efficiency and improve supply chain resilience as part of broader economic reforms. Attribution: Amwal Al Ghad English
