A sign sits above the entrance to Egypt's central bank in Cairo, Egypt, on Tuesday, Nov. 22, 2011. Egypt's benchmark dollar bonds slumped, sending the yield to the highest level since January, after concessions made by the country's military rulers were rejected by protesters demanding a civilian government. Photographer: Shawn Baldwin/Bloomberg via Getty Images

Egypt’s central bank is expected to cut key interest rates by around 5 percent until the end of 2020, a chief economist said on Tuesday.

But its next gathering could still surprise, by laying the groundwork for an economic stimulus. With individual instruments nearing limits, it is expected to deploy a combination.

The central bank is likely to cut its key interest rates between 100-200 basis points before the end of this year and between 200-300 basis points in 2020, said Monett Doss, a senior economist at Egyptian investment bank HC Securities and Investment. “Another cut of 200-300 basis points is expected in 2020,” Doss said.