Pre-Trading Thoughts

*Key news articles for today* The MPC will meet tomorrow to decide on key interested rates. In general, we believe the inflation outlook underscores a disinflation view that supports easing to kick off by 2024-end, or – more conservatively – by 1Q2025. We believe the CBE might prefer to keep rates unchanged in its upcoming meeting tomorrow. The IMF has revised down its projection for Egypt’s real GDP growth by 0.3% in FY2023/2024 and the current FY2024/2025 to 2.7% and 4.1% percen...