Egypt’s central bank to cut rates until 2020-end: HC economist

Egypt’s central bank is expected to cut key interest rates by around 5 percent until the end of 2020, a chief economist said on Tuesday.

The central bank is likely to cut its key interest rates between 100-200 basis points before the end of this year and between 200-300 basis points in 2020, said Monett Doss, a senior economist at Egyptian investment bank HC Securities and Investment.

“Another cut of 200-300 basis points is expected in 2020,” Doss said.