Interest Rates

Egypt's central bank keeps interest rates on hold during June

Thu, 23 Jun 2022 - 05:36 GMT

The discount rate was also kept unchanged at 11.75 percent.

Egypt's central bank raises interest rates 200bps during May

Thu, 19 May 2022 - 04:51 GMT

The CBE’s decision comes in light with Fitch credit rating agency’s expectations that the central bank would raise interest rates at the Monetary Policy Committee’s meeting.

Egypt's central bank raises interest rates 100bps in exceptional meeting

Mon, 21 Mar 2022 - 10:33 GMT

The discount rate was also raised by 100 bps to 9.75 percent.

Capital Economics expects Egypt's central bank to hike interest rates by 50bp during March

Thu, 10 Mar 2022 - 05:48 GMT

It attributed its anticipation to the increase of inflation Egypt witnessed during February to hit 10 percent, compared to 4.9 percent in the same month of 2021.

Egypt's central bank keeps interest rates unchanged for 10th time in row during 2022's 1st meeting

Thu, 03 Feb 2022 - 03:32 GMT

The 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 for 9th time in row during 2021's last meeting

Thu, 16 Dec 2021 - 09:06 GMT

The 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 for 8th time in row

Thu, 28 Oct 2021 - 06:33 GMT

The 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 to keep interest rates unchanged

Thu, 05 Aug 2021 - 05:34 GMT

The Monetary Policy Committee (MPC) decided, Thursday 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.

Egypt's central bank to keep interest rates unchanged during 2021: Capital Economics

Sun, 20 Jun 2021 - 04:16 GMT

It also expected that policymakers will reduce the overnight deposit rate by a total of 150bps the end of next year, taking it 6.75 percent. This is more easing than the consensus currently anticipates.

Egypt's central bank keeps interest rates unchanged in June

Thu, 17 Jun 2021 - 07:16 GMT

The Monetary Policy Committee (MPC) decided, Thursday, 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.

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.

Egypt's central bank to keep interest rates unchanged in coming meetings: Standard Chartered to ET

Tue, 17 Nov 2020 - 10:31 GMT

Economist at the Bank, Carla Slim clarified that this anticipation comes as inflation is expected to pick-up gradually back towards the CBE’s 9 percent (+/-3 percent) target.

Egypt's central bank cuts interest rates by 50 basis point

Thu, 12 Nov 2020 - 05:57 GMT

The discount rate was also cut by 50 basis points to 8.75 percent.

Mashat stresses need of int'l institutions to reach consensual reference interest rate

Tue, 13 Oct 2020 - 03:40 GMT

Al Mashat joined the high level discussion organized by the World Bank Group in the 2020 Annual Meetings, entitled "Beyond Libor ... Are we prepared?”

Egypt has world's highest interest rates as inflation slows down: Bloomberg

Tue, 11 Aug 2020 - 03:16 GMT

The American news agency stated that consumer prices in urban parts of Egypt grew at the slowest annual pace since November as the global pandemic weighed on demand and food costs declined.

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.

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