Pre-Trading Thoughts
*Key news articles for today* The CBE's Monetary Policy Committee (MPC) is meeting today to decide on interest rates for the first time in 2024. We reiterate our view that the MPC might prefer to keep rates unchanged, as long as stability still prevails on the currency front. Inflation readings have been capitalizing on favorable base effect recently. Besides, we believe any possible hike would be of little benefit compared to its fiscal costs. The Fed left interest rates unchanged for the fo...
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