Pre-Trading Thoughts

The Federal Reserve held benchmark interest rates steady in a target range between 5.25%-5.5% amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. The CBE's MPC is scheduled to meet today to decide on interest rates. We expect the CBE to prefer to keep rates unchanged, until further notice, linking interest rate movement to any probable currency movement. The AfricanDevelopment Bank (AfDB) plans to lend out some USD349 ...