Pre-Trading Thoughts

The CBE's MPC will hold its meeting on Thursday, 21 September, to decide on interest rates. We expect the CBE might prefer to keep rates unchanged for the time being, as inflation rates are showing quiet signs of moderation, and to avoid adding burdens on the budget. Deputy Chair of the House Planning and Budget Committee denied giving comments to the media, which reported yesterday that the IMF’s anticipated review of our loan program could be delayed to 1Q 2024. The new social...