23
Dec
14:51
Egypt hikes rates, mills struggle for finance
The Monetary Policy Committee (MPC) of Egypt has decided to hike key policy rates by 300 base points (bps). The aim is to achieve price stability in the medium term, contain inflationary pressures and steer annual headline inflation rates towards targeted levels, Kallanish notes.
The decision will mean "higher financing cost, less liquidity and, consequently, less purchasing power", opines a senior steel mill official. "We still need to se…
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Anonymous
Very good overview of the weekly steel market.
Anonymous