Interest Rates

Egypt's central bank statement on unchanged interest rates

Thu, 25 Jun 2020 - 04:45 GMT

MPC attributed the reasons behind keeping the rates unchanged for the third consecutive meeting in a statement.

Egypt's central bank keeps interest rates unchanged for 3rd meeting in row

Thu, 25 Jun 2020 - 04:41 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Egypt's central bank keeps interest rates unchanged

Thu, 02 Apr 2020 - 04:36 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation are kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Will Egypt continue its monetary easing cycle after unscheduled 3%-interest rate-cut?

Tue, 31 Mar 2020 - 06:55 GMT

In the midst of anticipation and trends for monetary easing to confront the spread of COVID-19, the central bank is going to meet on April 2 to discuss interest rates.

Egypt's central bank exceptionally cuts interest rates 3%

Mon, 16 Mar 2020 - 04:32 GMT

The overnight deposit rate, the overnight lending rate, and the rate of the main operation are cut to reach 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

Capital Economics sees Egypt to continue easing monetary cycle

Wed, 11 Mar 2020 - 04:16 GMT

"We expect the interest rate to be reduced to 10 percent by the end of this year and to 9.50 percent by end-2021," it added.

CBE statement on unchanged interest rates

Thu, 20 Feb 2020 - 08:10 GMT

In a statement published on Thursday, CBE stated that the decision comes as a result of monthly inflation, prices of fresh vegetables, GDP growth and global economic activity.

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.

Capital Economics expects CBE to cut interest rates by 50bps

Wed, 12 Feb 2020 - 02:00 GMT

"We have penciled in a 50bp cut in the overnight deposit rate, to 11.75 percent, at next week’s meeting and expect it to be cut further to 10 percent by year-end.”

CBE statement on unchanged interest rates

Thu, 16 Jan 2020 - 07:02 GMT

CBE stated that the decision comes as a result of monthly inflation, prices of fresh vegetables, GDP growth and international oil prices.

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.

Goldman sachs sees sizable moves in interest rate cut in Egypt

Tue, 26 Nov 2019 - 10:42 GMT

Goldman Sachs said that cutting interest rates in Egypt would support long-term growth rates, but the government should cut the current interest rate by 200 to 400 basis points in 2020 to stimulate private investment.

Capital Economics anticipates Egypt to continue monetary easing cycle

Mon, 18 Nov 2019 - 02:20 GMT

The report also thought that the easing cycle has further to run, expecting the overnight deposit rate to be lowered to 10 percent by the end of next year and to 9.50 percent by end-2021.

Egypt continues monetary easing cycle, cuts interest rate for 3rd time in row

Thu, 14 Nov 2019 - 05:26 GMT

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

CBE has 'room' for 3rd consecutive interest rates' cut

Thu, 14 Nov 2019 - 12:53 GMT

"The CBE can comfortably cut rates in the coming meeting," Senior Economist at Shuaa Securities Esraa Ahmed said.

After inflation’s decline, will CBE cut rates in November?

Mon, 14 Oct 2019 - 10:01 GMT

Registering a fourth consecutive monthly decline, Egypt’s inflation rates opened speculation once again in September about the expectations of possible interest rate decisions during November.

After inflation’s decline, will CBE cut rates in November?

Sun, 13 Oct 2019 - 01:44 GMT

Registering a fourth consecutive monthly decline, Egypt’s inflation rates opened speculation once again in September about the expectations of possible interest rate decisions during November.

Reasons behind CBE's decision on cutting interest rates

Thu, 26 Sep 2019 - 04:02 GMT

CBE reviewed the reasons behind this decision in a press release.

CBE cuts interest rates 100bps during September

Thu, 26 Sep 2019 - 02:17 GMT

The overnight deposit rate, the overnight lending rate, and the rate of the main operation are cut to be at 13.25 percent, 14.25 percent, and 13.75 percent, higher than economists’ expectations.

Will CBE continue its easing cycle Thursday?

Thu, 26 Sep 2019 - 01:51 GMT

Analysts go for cutting the rates but expecting it not be aggressive.

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