BLOOMBERG Best Of Bloomberg Markets Middle East February 24, 2018
This is an easing cycle after record high borrowing, it attracted 20 billion of local currency debt. Tracy alloway and i got more on the chief economist. I was expecting a bigger cut, i know that seems like a lot in the context of emerging markets. Remember, rates were raised 700 basis points from the time of the devaluation up until last week. This is the first step of a very long journey to go. To be perfectly honest, i dont look too deeply into the Monetary Policy statements out of the central bank of egypt these days. When it comes to insight that it can provide on the future course of pol...