The central bank’s Monetary Policy Committee convenes on Thursday to review interest rates. Despite inflation falling on an annual basis again in October, we’re not expecting a cut in rates before the MPC’s 28 December meeting, by which time a year of post-float inflation data will be in the bag.
The Finance Ministry is planning to sell EUR 650 mn in T-bills to local and foreign financial institutions on Monday, Reuters reports. The auction deadline is Monday, 13 November, settlement date is a day later, and the bills’ maturity is 13 November, 2018.
The House Legislative Committee plans to discuss the anti-LGBTQ bill this week, committee members tell Al Shorouk. The bill, reviled by civil society activists and the foreign press, imposes a prison sentence of up to five years for anyone caught engaged in same-gender relations.