Egypt Interest Rate  1991-2018 | Data | Chart | Calendar | Forecast | News

The Central Bank of Egypt left its key overnight deposit rate unchanged at 16.75 percent on May 17th 2018, surprising markets who expected a 100 bps cut. Policymakers said that the decision is consistent with achieving the inflation target rate of 13 percent (+/- 3 percent) in the last quarter of 2018 and single digits thereafter. The annual inflation rate declined to 13.1 percent in April from 13.3 percent in March, remaining the lowest since May of 2016. The Central Bank also left its overnight lending rate and the discount rate steady at 17.75 percent and 17.25 percent respectively. Interest Rate in Egypt averaged 11.72 percent from 1991 until 2018, reaching an all time high of 21.40 percent in October of 1991 and a record low of 8.25 percent in September of 2009.

Egypt Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-15 06:15 PM Interest Rate Decision 17.75% 18.75% 17.75% 18.75%
2018-03-29 05:00 PM Interest Rate Decision 16.75% 17.75% 16.75% 17.75%
2018-05-17 02:00 PM Interest Rate Decision 16.75% 16.75% 15.75% 15.75%
2018-06-28 04:00 PM Interest Rate Decision 16.75% 16.75%
2018-08-16 08:00 PM Interest Rate Decision 16.75%
2018-09-27 08:00 PM Interest Rate Decision 16.75%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 16.75 16.75 21.40 8.25 percent [+]
Money Supply M0 720197.00 685855.00 720197.00 68043.00 EGP Million [+]
Money Supply M1 781135.00 764826.00 781135.00 33680.00 EGP Million [+]
Money Supply M2 3379242.00 3343225.00 3379242.00 161125.00 EGP Million [+]
Banks Balance Sheet 4420860.00 2846094.00 4420860.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 44140.00 44030.00 44140.00 13448.00 USD Million [+]
Loans to Private Sector 769729.00 755551.00 769729.00 221295.00 EGP Million [+]
Deposit Interest Rate 12.09 7.86 12.09 6.02 percent [+]
Lending Rate 17.75 17.75 19.75 9.25 percent [+]
Central Bank Balance Sheet 4911197.00 4813343.00 4911197.00 1198240.00 EGP Million [+]


Egypt Interest Rate

In Egypt, interest rate decisions are taken by the Central Bank of Egypt (CBE). The Central Bank of Egypt official interest rate is the overnight deposit rate. The CBE is committed to achieving, over the medium term, low rates of inflation which it believes are essential for maintaining confidence and for sustaining high rates of investment and economic growth. This page provides - Egypt Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Interest Rate - actual data, historical chart and calendar of releases - was last updated on June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16.75 16.75 21.40 8.25 1991 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.50 May/18
Russia 7.25 Jun/18
Brazil 6.50 May/18
India 6.25 Jun/18
Indonesia 4.75 May/18
China 4.35 May/18
United States 2.00 Jun/18
Australia 1.50 Jun/18
South Korea 1.50 May/18
Canada 1.25 May/18
United Kingdom 0.50 May/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 May/18


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