Rates, Reserves and Perhaps a Float: A Guide to MENA Central Banks - Bloomberg

Rates, Reserves and Perhaps a Float: A Guide to MENA Central Banks - Bloomberg:

"After a year of rising U.S. interest rates and political volatility that drove up borrowing costs in much of the Middle East and North Africa, the region’s central banks have more divergent goals in 2018.

 From a new easing cycle in Egypt, political pressure in Turkey and a potential currency float in Morocco, below is a guide to what to look for:

Turkey

Even after Turkey missed its inflation target for the seventh year in 2017, few expect central bank Governor Murat Cetinkaya to further tighten monetary conditions against a backdrop of frequents calls from President Recep Tayyip Erdogan for lower interest rates. "



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