Monetary Policy Committee

MPC decides to keep key policy rates unchanged: CBE

Thu, 23 May 2024 - 05:26 GMT

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to keep the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 27.25 percent, 28.25 percent, and 27.75 percent, respectively

CBE raises interest rates by 600 basis points to reach 27.75%

Wed, 06 Mar 2024 - 08:20 GMT

Additionally, the discount rate has been raised by 600 basis points to 27.75 percent

Egypt's central bank raises interest rates by 200bps during its 1st meeting of 2024

Thu, 01 Feb 2024 - 07:52 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation have been adjusted to 21.25 percent, 22.25 percent, and 21.75 percent, respectively.

MPC predictions: analysts see CBE keeping key interest rates in first 2024 meeting

Thu, 01 Feb 2024 - 01:23 GMT

The Egyptian pound’s value depreciated in the black market over the past 10 days, hitting a high of LE 70+ per $1, comparted to LE 50 at the end of 2023. The CBE maintains the official exchange rate at LE 30.94 per USD

Egypt's central bank to determine key interest rates amid economic uncertainty

Thu, 01 Feb 2024 - 11:29 GMT

This committee meeting occurs amidst considerable uncertainty about the decision it might make, given the severe turmoil in the Egyptian market, both in terms of the exchange market and commodity prices. This is despite the observed slowdown in inflation in recent months.

CBE’s MPC keeps key interest rates unchanged as 2023 ends

Thu, 21 Dec 2023 - 05:18 GMT

This leaves the overnight deposit rate at 19.25 percent, the overnight lending rate at 20.25 percent, the rate of the main operation at 19.75 percent, and the discount rate at 19.75 percent.

CBE’s Monetary Policy Committee to set interest rates on Thursday

Tue, 19 Dec 2023 - 03:14 GMT

According to a recent Reuters poll involving 14 financial analysts, the majority of the analysts suggest that the CBE will maintain interest rates

CBE’s Monetary Policy Committee decides to keep key interest rates

Thu, 02 Nov 2023 - 06:39 GMT

Egypt’s real GDP growth for the first quarter of 2023 remained steady at 3.9 percent, compared to the previous quarter, according to the MPC statement

Egypt's Central Bank keeps interest rates unchanged during May meeting

Thu, 18 May 2023 - 06:58 GMT

The discount rate was also kept at 18.75 percent.

CBE appoints Barclays as an international advisor for the United Bank deal

Thu, 18 May 2023 - 12:02 GMT

Barclays will work alongside local financial advisor, CI Capital.

Egypt’s Central Bank raises interest rates by 2%, reaching highest level since 2017

Thu, 30 Mar 2023 - 05:21 GMT

Egypt’s Central Bank (CBE) raised on Wednesday the interest rates by 2 percent; reaching the highest level since July 2017.

Egypt's central bank raises interest rates 3% during last meeting in 2022

Thu, 22 Dec 2022 - 08:48 GMT

The discount rate was also raised to 16.75 percent.

Egypt's central bank keeps interest rates on hold, raises reserve ratio to 18%

Thu, 22 Sep 2022 - 06:06 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold at 11.25 percent, 12.25 percent, and 11.75 percent, respectively. The discount rate was also kept unchanged at 11.75 percent.

Egypt's central bank keeps interest rates unchanged during April

Wed, 28 Apr 2021 - 02:35 GMT

MPC decided that keeping policy rates unchanged remains consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in 2022 Q4 and price stability over the medium term.

Egypt's central bank keeps interest rates unchanged during March's meeting

Thu, 18 Mar 2021 - 05:03 GMT

The discount rate was also kept unchanged at 8.75 percent.

Egypt's central bank keeps interest rates unchanged in 2021's 1st meeting

Thu, 04 Feb 2021 - 04:20 GMT

The discount rate was also kept unchanged at 8.75 percent.

CBE's full statement on unchanged rates

Thu, 24 Dec 2020 - 07:01 GMT

The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively. The discount rate was also kept unchanged at 8.75 percent.

Egypt's central bank keeps interest rates unchanged in 2020's last meeting

Thu, 24 Dec 2020 - 06:08 GMT

The discount rate was also kept unchanged at 8.75 percent.

CBE keeps interest rates unchanged during February

Thu, 20 Feb 2020 - 07:42 GMT

The discount rate was also kept unchanged at 12.75 percent.

CBE keeps interest rates unchanged during 2020’s 1st meeting

Thu, 16 Jan 2020 - 06:26 GMT

The overnight deposit rate, the overnight lending rate, and the rate of the main operation are kept at 12.25 percent, 13.25 percent, and 12.75 percent, respectively.

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