MPC

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 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.

Egypt's central bank keeps interest rates unchanged during 2023 first meeting

Thu, 02 Feb 2023 - 06:47 GMT

The overnight deposit rate, overnight lending rate, and the rate of the main operation were kept on hold at 16.25 percent, 17.25 percent, and 16.75 percent, respectively.

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.

CBE decides to cancel Monetary Policy Committee meeting

Mon, 31 Oct 2022 - 03:29 GMT

The CBE said in a statement that the extraordinary meeting of the committee, held last Thursday, will be sufficient.

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 for 2nd meeting in row

Thu, 18 Aug 2022 - 04:05 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 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 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 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.

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.

Egypt's central bank statement on unchanged interest rates

Thu, 13 Aug 2020 - 05:54 GMT

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

Egypt's central bank keeps interest rates unchanged for 4th meeting in row

Thu, 13 Aug 2020 - 05:48 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 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 during May

Thu, 14 May 2020 - 02:54 GMT

The discount rate was also kept unchanged at 9.75 percent, according to MPC’s decision.

More