Pre-Trading Thoughts

The IMF wants Egypt to make more progress on privatizing state-owned companies and moving to a flexible exchange rate before it goes ahead with the first review of the country’s USD3 bn assistance package. CBE Governor: Relaxing the supply issues and increased competition will result also in a healthier and faster inflation reduction…Interest rates are not the optimum solution. The market is expecting announcements of state stake sales after Eid El Fitr, along with a fourth EGP devaluat...