Bilal Khan, Senior Economist at Standard Chartered, expects Egypt growth to accelerate but suggests that the policy backdrop to remain challenging. Key Quotes “We forecast GDP growth of 5.5% in FY19 (year ending June 2019), picking up from an estimated 5.3% in FY18 (the government’s estimate based on actual data through H1-FY18).” “Inflation targets are within reach; central bank to remain on hold in 2018. We expect CPI inflation to average 14.8% in FY19, putting the Central Bank of Egypt’s (CBE’s) inflation target of 13% (+/- 3ppt) within reach. Nevertheless, we expect interest rates to stay on hold in 2018 amid weak financial-market sentiment towards emerging economies; foreign holdings of Egyptian treasury securities declined by c.30% between March and July 2018.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD drifts into negative territory for the sixth straight session FX Street 4 years Bilal Khan, Senior Economist at Standard Chartered, expects Egypt growth to accelerate but suggests that the policy backdrop to remain challenging. Key Quotes "We forecast GDP growth of 5.5% in FY19 (year ending June 2019), picking up from an estimated 5.3% in FY18 (the government's estimate based on actual data through H1-FY18)." "Inflation targets are within reach; central bank to remain on hold in 2018. We expect CPI inflation to average 14.8% in FY19, putting the Central Bank of Egypt's (CBE's) inflation target of 13% (+/- 3ppt) within reach. Nevertheless, we expect interest rates to stay on hold in 2018… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
