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Sunday, 12 November 2017

What we’re tracking this week

The central bank’s Monetary Policy Committee convenes on Thursday to review interest rates. Despite inflation falling on an annual basis again in October, we’re not expecting a cut in rates before the MPC’s 28 December meeting, by which time a year of post-float inflation data will be in the bag.

The Finance Ministry is planning to sell EUR 650 mn in T-bills to local and foreign financial institutions on Monday, Reuters reports. The auction deadline is Monday, 13 November, settlement date is a day later, and the bills’ maturity is 13 November, 2018.

The House Legislative Committee plans to discuss the anti-LGBTQ bill this week, committee members tell Al Shorouk. The bill, reviled by civil society activists and the foreign press, imposes a prison sentence of up to five years for anyone caught engaged in same-gender relations.

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