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Planet Finance breathes a sign of relief
The EGX30 was down 3% as traders locked in gains
“Back on the right track”: What the pundits are saying
The decisions “put us back on the right track,” but more needs to be done, pundits say
What to watch for next: Inflows and cooling inflation top the list
Commodity prices are expected to fall, Federation of Chambers of Commerce Secretary-General Alaa Ezz said
Banks roll out high interest rate CDs, ease currency controls on credit cards
The parallel market is “on its way to disappearing completely,” Banque Misr Chairman Mohamed El Etreby said
Two exchange rates is a “disease that throws things out of balance,” says CBE’s Abdalla
Abdalla says the central bank didn’t intervene in the market yesterday, signaling a hands-off approach to the exchange rate
The IMF says we promised to slow down spending on infrastructure
A new committee will be formed to ensure the private sector takes the lead on driving economic growth
Madbouly sounded the right notes as he unveiled a super-sized USD 8 bn IMF package
An additional USD 1.2 bn in climate financing could also be in the pipeline as separate talks continue
What got us there: A float of the EGP and a 600 bps rate hike
The EGP fell to record lows, before settling at 49.5 against the USD
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