Again, the market will stay tuned for the CBE’s Monetary Policy Committee (MPC) meeting scheduled for today. Back in February 2018, the CBE had triggered its easing cycle, with a cumulative cut of 300bps so far, the last 100bps of which were reduced on 14 February 2019. Currently, we believe the CBE might prefer to keep rates on hold. Below, we list the highlights of the current scene, upon which we build our view.
For more details, please read the full report below.