BLOOMBERG Best Of Bloomberg Markets Middle East February 24, 2018
The first since the nation floated its currency at the end of 2016. It was a widely anticipated easing cycle after record high borrowing. It attracted 20 billion of local currency debt. Tracy alloway and i got more on the chief economist. Jeanpaul 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...