The Central Bank of Egypt (CBE) cut interest rates by 50bps at Thursday’s MPC meeting after a six month pause to the loosening cycle. Policymakers are likely to remain cautious about future easing, but we think rates will be reduced gradually over the next year or so to support the economic recovery.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.