Cairo – Mubasher: The Central bank of Egypt (CBE) is projected to cut key interest rates by 100 basis points during its Monetary Policy Committee’s (MPC) meeting today, according to a report by MubasherTrade research on Thursday.
Despite the aforementioned scenario is the closest to the MPC’s decisions, the central bank may keep the interest rates unchanged, the report indicated.
The CBE would only keep interest rates unchanged in case of the shrinking global monetary policy, mainly the US Federal, would impact the Egyptian debt instruments, the report highlighted.
The Central Agency for Public Mobilization and Statistics (CAPMAS) last said that Egypt’s annual inflation rate dropped to 17% year-on-year in January 2018.
