* Fitch raises Turkey's rating on tighter monetary policies

* Flexible currency possible with new financing- Egypt's Sisi

* Czech inflation back on target for first time since 2018

March 11 (Reuters) - Emerging market stocks and currencies edged up on Monday, with investors bracing for a U.S. inflation print for the world's most influential central bank's policy outlook, while Egyptian stocks scaled record highs on continued financing cheer.

The MSCI index for emerging market stocks climbed 0.3% after touching a seven-month high on Friday, while the gauge of EM currencies rose 0.2% to a two-month high.

Investors will monitor U.S. consumer inflation on Tuesday ahead of the Federal Reserve's policy decision next week.

Egypt's benchmark stock index gained 3% to a record high, while the Egyptian pound was at 49-per-dollar after last week's slide to all-time low.

President Abdel Fattah al-Sisi said the United Arab Emirates and the International Monetary Fund's new financing could see the country move to a flexible exchange rate, while Egypt's finance minister said the country will receive $3 billion in funding from the World Bank, part of an IMF funding package.

On the data front, annual urban consumer price inflation jumped to 35.7% in February from 29.8% in January, driven mainly by higher food and beverage prices.

China saw consumer prices rise for the first time in six months, lifting China's blue-chip CSI300, the Shanghai Composite and Hong Kong's Hang Seng Indexes between 0.7% and 1.3%.

Fitch upgraded Turkey's rating to "B+" from "B", saying tighter monetary policy approaches were helping combat inflationary trends, with Finance Minister Mehmet Simsek noting that its government will continue to tighten fiscal policy to help reduce price pressures.

"The shift towards higher rates to bring down inflation is certainly encouraging, but we've not necessarily seen that reflect in the lira... there's a lot of other issues with economy and the currency aside from just interest rates," said Matthew Ryan, head of market strategy at global financial services firm Ebury.

The lira hit a record low of 32.0075 per dollar, although Turkish stocks advanced 1.2%.

Data showed Czech inflation eased to annual 2% in February, hitting the central bank's target for the first time in more than five years and keeping the path clear for interest rates to drop. The crown was largely flat against the euro.

The zloty hit a four-year high, continuing a rally as Polish interest rates stay stable while falling elsewhere in central Europe and as the EU unlocks funds that had been caught up in long-running disputes.

HIGHLIGHTS:

** Turkey's Erdogan says March election will be his final, state media reports

** S&P cuts Ukraine rating deeper into junk

** China Vanke shares climbs on Reuters report regulators asking banks to step up support

(Reporting by Ankika Biswas in Bengaluru; Editing by Maju Samuel)