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Wednesday, 5 July 2017

What we’re tracking this week

We are only one day away from the CBE’s Monetary Policy Committee meeting this Thursday. Conventional wisdom has it that the CBE with hold interest rates, a view held by economists in a Reuters poll which we noted yesterday. HSBC and Beltone Financial both also predict that the CBE will keep current interest rates, according to Al Borsa.

We are expecting to hear sometime this week on a possible hike in electricity prices, according to sources who spoke to Al Mal.

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