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.