BLOOMBERG Best Of Bloomberg Markets Middle East February 24, 2018
We begin with Interest Rate cuts in nature. This is a easing cycle after itord high borrowing, attracted 20 billion of local currency debt. We got more from the chief economist at white house research. I was expecting a bigger cut, i think that seems like a lot in the context of emerging markets. Remember, rates are were raised 700 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 in egypt these days. Insight that it can provi...
Source: archive.org