Pre-Trading Thoughts

Fed announced it will speed up the taper of its asset-purchase program; Indicated it sees as many as three rate hikes in 2022, of 25 bps each Expect MPC to keep rates unchanged, as real yields on treasuries are still competitive, inflation is still within the CBE's target A new plan to develop exports to Africa will be announced by mid-January 2022 from the current USD3.97 bn Snacks, crackers, and pastries will not be subject to a 14% VAT; Positive development for EFID since higher VAT would ...