CBE
Under the revised framework, the maximum financing available for a single client was set at LE2 billion, subject to the company’s business volume and existing banking rules.
The CBE said it has not issued any decisions related to introducing new paper or polymer currency categories beyond the denominations already circulating in the local market.
The Monetary Policy Committee (MPC) also kept the main operation and discount rates unchanged at 19.5 percent.
The IDSC said that no decision has been issued to halt the production of polymer banknotes or to return to printing paper versions of the same denominations.
The bank forecast average annual headline inflation at between 16 percent and 17 percent in 2026, easing to a range of 10 percent to 13 percent in 2027, compared with 27.4 percent recorded last year.
Core inflation, which excludes volatile food and energy prices, is closely monitored as a key indicator of underlying inflation trends in the economy.
The banking sector’s net foreign assets fell to $21.3 billion at the end of March, compared with $27.4 billion in February.
The move comes after the CBE noted that some entities were failing to provide the required declarations, resulting in incomplete credit profiles.
The Central Bank Governor highlighted the rise in the Central Bank’s net international reserves, which reached $52.6 billion in January 2026.
President Abdel Fattah El-Sisi met Saturday with Hassan Abdallah, Governor of the Central Bank of Egypt.
Following its latest Monetary Policy Committee meeting, the CBE lowered the overnight deposit rate to 19 percent and the overnight lending rate to 20 percent. The main operation rate was cut to 19.5 percent, while the discount rate was also reduced to 19.5 percent.
Figures released by the Central Bank of Egypt (CBE) indicated that gold reserves jumped by nearly $2.6 billion to $20.73 billion at the end of January, compared with $18.17 billion a month earlier.
The offering will roll over maturing dollar Treasury bills worth $1.06 billion, which are due on February 3 and carry an average yield of 4.25 percent.
He also highlighted an unprecedented rise in total amounts recovered for victims of financial fraud.
The Committee said the decision reflects its updated assessment of inflation trends and risks, emphasizing that inflation remains subject to upward pressures despite signs of global economic recovery.
Core inflation excludes volatile items such as food and energy, offering a clearer picture of underlying price movements.
Gold holdings within the foreign reserve rose by about $1.755 billion to reach $15.843 billion at the end of September.
The CBE lowered the overnight deposit rate to 21.00 percent, the overnight lending rate to 22.00 percent, and the rate of the main operation to 21.50 percent. The discount rate was also reduced to 21.50 percent.
The Central Bank of Egypt confirmed that all banks nationwide will also suspend operations on 9 October, with normal working hours resuming on Sunday, 12 October.
The committee also lowered the credit and discount rate by 200 basis points to 22.50 percent.
