Egyptian inflation is expected to have eased to 24.2% in December as food prices continued to cool, according to a poll released on Wednesday.

Egyptian inflation slowed to its lowest level in two years, easing the path for the North African nation’s first interest-rate cut since 2020.

Consumer price inflation in India likely fell to 5.3% in December on moderating food price rises, a Reuters poll of economists showed, bolstering expectations for an interest rate cut by the central bank next month amid slowing economic growth.