Pre-Trading Thoughts

MPC Watch| CBE is to keep rates unchanged since inflation rates are still within the target, real interest rates are still attractive, and there is no urge to jump to rate hikes which are costly to the economy The annual core inflation rate, which excludes volatile and regulated items, rose to 5.8% last November, compared to 5.2% in October 2021 MoF raised USD3 billion loan in green and Sharia-compliant financing The trade balance deficit declined by 22.5% YoY in September reaching USD2.39 bi...