Sudan, Qatar To Sign $4 Bln Deal To Manage Red Sea Port: MinistrySource: www.export-egypt.com 3/27/2018, Location: Africa |
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Research firms are expecting the Central Bank of Egypt’s Monetary Policy Committee to cut interest rates again on the back of further inflation easing, according to statements by EFG Hermes, HC Securities and Pharos Securities.
Both Pharos Securities Brokerage and HC Securities expect a 100 basis points (bps) rate cut, while EFG Hermes expects a rate cut between 50 and 100 bps. “The drop in headline and core inflation figures to the target level (13% YoY +/-3%) is a comfort factor for the CBE to make another cut in policy interest rates,” Pharos’ Mahmoud El Masry said in a statement issued . Annual headline inflation fell to 14.4 percent in February from 17.1 percent in January, the lowest since October 2016, and core inflation to 11.9 percent in February from 14.4 percent in January. |
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Financials and Investment News in Egypt >> |
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