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Beltone Finance predicts an annual inflation increase of 3-5% in the third quarter of 2018. However, considering the surprisingly low inflation rate in May at 11.4%, the l & # 39; inflation should remain in the target range of 13 (+/- 3), which is not a major risk for the monetary policy outlook.
The MPC decided to set the overnight deposit rate and the overnight deposit rate as well as the key transaction price at 16.75%, 17.75% and 17.25% respectively. unchanged. The central bank also kept the credit rate and discount rate unchanged at 17.25%.
In a report to the Research Directorate, Beltone confirms that the increase in Treasury bill rates is above 16.5%, as banks and local businesses provide the liquidity needed to balance the pace of foreign investment and maintain their attractiveness in the Egyptian market. However, the stabilization of interest rates will provide the necessary support to maintain high rates
During the third quarter of fiscal 2017/2018, net flows of portfolio investment were amounted to approximately $ 7 billion compared to $ 0.5 billion in the previous quarter. This supports our vision of a strong opportunity to invest in ADWA Fixed Income in Egypt among Emerging Markets.
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