Monetary Policy Committee

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.

CBE keeps interest rates at 16.75%, 17.75% in December

Thu, 27 Dec 2018 - 06:25 GMT

The experts’ predicted keeping the rates on hold, amid partial stability of emerging markets and the decline of inflation in Dec.

CBE to keep interest rate on hold in December

Thu, 27 Dec 2018 - 12:00 GMT

By keeping the rates unchanged during this meeting, it will be the sixth time in 2018 to keep the rates unchanged.

CBE keeps interest rates on hold in November

Thu, 15 Nov 2018 - 06:16 GMT

MPC set the overnight deposit rate and the overnight lending rate at 16.75 percent and 17.75 percent, respectively.

HC anticipates unchanged interest rates in Q4

Thu, 27 Sep 2018 - 10:57 GMT

HC clarified in a statement that CBE is expected to keep the interest rates at their levels due to the global high interest rate environment.

CBE keeps interest rates unchanged for 3rd time in 2018

Thu, 16 Aug 2018 - 05:23 GMT

By keeping the interest rates unchanged, MPC met the expectations of the investment banks and economic research organizations.

CBE expected to keep interest rates Thursday

Thu, 16 Aug 2018 - 10:42 GMT

Despite inflationary pressure that came in June, investment banks see that the MPC will keep rates at current levels.

Bank of England chief economist calls for rate rise, MPC give new QE guidance

Thu, 21 Jun 2018 - 11:55 GMT

The Monetary Policy Committee voted 6-3 to keep rates at 0.5 percent, where they have been for most of the past decade.

Pharos expects Monetary Policy Committee to cut interest rates

Sun, 25 Mar 2018 - 09:54 GMT

The upcoming meeting of the Monetary Policy Committee is scheduled to be held on Thursday March 29.

CBE lowers interest rates 1% as inflation plummets

Thu, 15 Feb 2018 - 06:18 GMT

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will discuss Thursday the interest rates.

Monetary Policy Committee to discuss interest rates Thursday

Thu, 15 Feb 2018 - 08:23 GMT

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will discuss Thursday the interest rates, amid expectations to gradually decline the rates in the upcoming months.

Sharp decline in inflation sets up rate cut for next week: Capital Economics

Thu, 08 Feb 2018 - 11:32 GMT

Capital Economics maintained its long-held view that Egypt’s inflation and interest rates will fall further than most expected, according to Thursday’s report.

Central Bank leaves interest rates unchanged

Thu, 28 Dec 2017 - 08:43 GMT

The CBE set the overnight deposit rate and the overnight lending rate at 18.75 percent and19.75 percent, respectively.

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