HC

HC expects the CBE to maintain policy rates at its upcoming meeting

Financials analyst and economist at HC, Heba Monir commented: We expect the MPC to maintain policy rates at its upcoming 2 October meeting, giving the economy enough time to fully absorb the 200 bps rate cut that occurred on 28 August and given the expected inflationary impact of the USD1.00/mmbtu increase in natural gas price to the industrial sector announced…