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Gov’t declined all bids in latest bond auction
FinMin was reluctant to meet the high interest rates demanded by investors
Another rate hike incoming?
JPMorgan sees the CBE hiking interest rates by a further 200 bps when it meets later this month
Annual inflation jumps to 35.7% in February, defying analyst forecasts
Food and beverage prices climbed by 50.9% y-o-y and 16.7% m-o-m in February
Industry players are breathing a sigh of relief after the EGP float
But the higher interest rate environment is cause for concern for some
Banks trade USD 1.9 bn in two days
The EGP lost almost 37% of its value against the greenback after the float
Investors are loving EGP t-bills
International investors bought up USD 825 mn of the bills sold
Moody’s upgrades Egypt’s outlook to positive
Moody’s expects the FX liquidity from the Ras El Hekma agreement to close the external funding gap until FY 2025-2026
Egypt floats its currency, agrees with IMF on a USD 8 bn program
Good morning, ladies and gentlemen, and happy Friday. It is the last weekend before Ramadan and if you are observing…
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