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August 10, 2016 no comments Posted in Uncategorized

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Growing need for currency appreciation

  • The government pressing ahead with fiscal consolidation is positive as it should help reduce inflation in the medium term, in our view
  • Given modest private sector credit expansion and the inelastic government demand, we do not expect further interest rate hikes
  • That said, we favor a gradual appreciation in the EGP to capitalize on previous policy rate movements and growing CBE’s non-reserve assets

Sangar Slider Demo

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