Fitch Solutions: Egypt's CBE to keep interest rate unchanged


NEW YORK – 13 February 2019: Fitch Solutions Foundation expected the Egyptian Central Bank of Egypt (CBE) to keep interest rates higher and lower.
In a press release, the foundation expected that the CBE will decrease the interest rate.
It is said that the pace of easing will be gradual
"We forecast the CBE's overnight deposit and lending rates to end 2019 at 14.75% and 15.75% respectively, implying a cumulative 200 basis points (bps) worth of cuts this year," the statement said.


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