HC Securities
This cooperation provides the first discounting program for the purchase of securities on margin. It contributes to enriching the trading operations in the Egyptian Stock Exchange and expanding the base of traders, which will reflect on the growth of the Egyptian economy, according to a press release issued Wednesday.
Investment bank HC Securities and Investment expects a 100 basis points cut in interest rates in CBE’s Monetary Policy Committee (MPC) meeting on Thursday.
HC Securities expect CBE to keep interest rates on hold.
The overnight deposit and lending rates at 18.75 to 19.75 percent, respectively
Maintaining interest rates on hold would be appropriate for the inflation rate to ease to around 13 percent by Q4 2018, analysts said.
Current interest rates will remain stable to benefit from them until inflation rates return to normal levels in September, senior economist at HC Securities noted.
