Prime Holding expects central bank to cut interest rates by about 100 pips after inflation easesVisits : 53

Prime Holding expects central bank to cut interest rates by about 100 pips after inflation eases

Mona Bedair, senior macroeconomic analyst at Prime Holding, said (monthly inflation) that the rare contraction in average annual food basket prices push the inflation reading in October to record a record low and pave the way for another rate cut at the next meeting of the Monetary Policy Committee.