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Macro stabilisation has succeeded, mildly more flexible USD against EGP: BoAML
CBE likely to cut policy rates further in 4Q19
Higher oil prices inevitable, $100 bbl easily within reach in 2019: Bank of America Merrill Lynch
Price hikes further pressures on Egypt’s budget, each $1 increase in price would cost the country EGP 4bn
Brent crude price forecast for 2018 remains at $70 per barrel: Bank of America Merrill Lynch
The forecasted price of Brent crude for 2018 remains at $70 per barrel, $4 lower than the current price, on the back of the OPEC and non-OPEC oil-producing countries’ agreement to increase production by 1m barrels per day, according to a Bank of America Merrill Lynch Global Research report issued on Monday. Egypt is highly …
Bullish consensus on Egypt’s economic stabilization: Bank of America Merrill Lynch
A bullish consensus on the Egyptian economy was expressed at the recent IMF and World Bank annual Spring Meetings in Washington DC about the prospects for emerging markets, according to Bank of America Merrill Lynch’s Emerging Insight report issued on Monday. The report cited Egypt’s meetings as confirming the bank’s view that the macro stabilisation …