Foreign reserves soar to all-time high following Ras El Hekma funds
FX reserves hit USD 46.1 bn at the end of May
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FX reserves hit USD 46.1 bn at the end of May
The bank expects the central bank to start cutting rates in 3Q 2024
The net foreign asset deficit has narrowed 87% since reaching an all-time high of USD 29.0 bn in January
The MPC cited a slowdown in growth rates and cooling inflation
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