Pre-Trading Thoughts

Net International Reserves dropped to USD37.08 billion in March 2022 down from USD40.99 billion in February, for "covering substantial foreign investor outflows, ensuring availability of imported strategic goods, and repaying external debt obligations." Government is still aiming to maintain a primary surplus of 1.3%, the overall budget deficit at 6.2%, and the debt-to-GDP ratio to be less than 90% by the end of the current fiscal year. Inflation figures for March 2022 will be released today,...