Pre-Trading Thoughts

*Key news articles for today* The CBE's MPC is meeting today to decide on interest rates for the last scheduled time in 2023. We believe the MPC might prefer to keep rates unchanged, as any possible hike would be of little benefit compared to its fiscal costs. Egypt is approaching an agreement with the IMF to increase its loan from USD3 billion to USD6 billion. The government has so far secured aboutUSD5.6 billionfrom selling stakes in 14 state-owned companies. The government is s...