Refine by sector
Latest in Egypt

Egypt: Policy pause provides few clues for the pound

The CBE held its deposit rate at 11.25% yesterday versus expectations for a 50bps hike, risking falling behind the curve. No clarity provided on FX policy amid growing deval speculation. Tighter policy would lay groundwork for orderly deval. Required...
Tellimer Research Patrick
Patrick Curran @ Tellimer Research 23 September 2022
Egypt: Policy pause provides few clues for the pound
Egypt: Policy pause provides few clues for the pound

Fitch Ratings warns of a possible default by Ghana

Forex: Egypt goes against the tide and leaves rates on hold. Fixed Income: The belly of Kenya’s local currency bond curve is underperforming amid rising fiscal concerns. Macroeconomic: Gold miners are facing mounting costs.
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 23 September 2022

Egypt, SA and the UK are set to follow in the Fed's footsteps

Forex: Nigerian naira among the worst-performing African currencies in September. Fixed Income: Ghanaian Eurobonds tank as fears grow that the debt restructuring could include external debt. Macroeconomic: Hawkish hike sends tremors across markets.
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 22 September 2022

Markets are trading cautiously ahead of FOMC rate decision

Forex: Producer price inflation in Ghana surges to a multi-year high with a weaker cedi contributing. Fixed Income: Ghana is making progress towards securing a deal with the IMF. Macroeconomic: Fixed income markets are on edge ahead of the FOMC rate....
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 21 September 2022

African credit default swaps surge as external lending conditions deteriorate

Forex: A rise in remittance inflows may alleviate some pressure on Egypt’s current account balance. Fixed Income: The cost to insure against a sovereign default in Africa has surged. Macroeconomic: Kenya backtracks on fuel subsidy.
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 20 September 2022

Ethiopia tightens capital controls, Zambia lays out debt restructuring plan

Forex: Egypt signals openness to looser management of the pound. Fixed Income: Zambia lays out a plan for its complex debt restructuring. Macroeconomic: IMF programmes are becoming all the more important for heavily indebted African countries.
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 7 September 2022