Thursday 15, February 2018 by Jessica Combes

Central Bank of Egypt expected to begin easing cycle

 

The Central Bank of Egypt is likely to begin easing policy, with a 50-basis point reduction in both the overnight deposit rate and overnight lending rate to 18.25 per cent and 19.25 per cent, respectively, and a change in its monetary policy stance to signal the beginning of an easing cycle, according to Bloomberg Economics.

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