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Video: CBE interest rate cuts in the eyes of Moody’s

Egypt’s interest rate cut and easing inflation will support bank revenues, credit rating agency Moody’s told Daily News Egypt. They cited the Central Bank of Egypt’s (CBE) 1% interest rate cut as credit positive for banks. Accordingly, as inflation is currently below the CBE’s 9% target, Moody’s forecasts further rate cuts over the next year, …

Daily News Egypt

Interest rate cut to reduce borrowing costs: Moody’s

Egypt’s key credit challenges, including weak finances, large financing need, and high borrowing cost, drive exposure to interest rate shocks as well as large domestic funding cost to remain high, Elisa Parisi-Capone, vice president and senior analyst at Moody’s Investors Service, told Daily News Egypt. Moody’s believes that interest rate cut will be a step …

Daily News Egypt

CBE to cut interest rate in March: Deutsche Bank

The Central Bank of Egypt (CBE) will cut interest rates next March, Deutsche Bank said in a research note. The bank also forecasts that the CBE is inclined to cut interest rates by 100 basis points next March, Enterprise reported. Deutsche Bank also expects that the CBE will keep interest rates unchanged in the first …

Nihal Samir