Keeping interest rates on hold unlikely to strengthen EGP: Standard Chartered

Keeping interest rates on hold unlikely to strengthen EGP: Standard Chartered

Business Keeping interest rates on hold unlikely to strengthen EGP: Standard Chartered. The domestic demand revival, in the context of recent 350bps of rate cuts, appears to have formed the basis of the on-hold decision.. The CBE's decision to keep rates on hold, with Egypt continuing to offer attractive real rates to foreign investors as a result, appears unlikely to stem EGP strength any time soon.. While inflation may remain elevated in the coming months, it is likely to be well contained, in Standard Chartered analysts' view.. highest rate to buy US Dollar. lowest rate to sell US Dollar.