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

The Central Bank of Egypt kept its key overnight deposit rate steady at 16.75 percent on August 16th 2018, as widely expected. Policymakers said the decision remains consistent with achieving the inflation target of 13 percent (+/- 3 percent), and single digit inflation is expected to be reached after the temporary effect of fiscal supply shocks fades. The annual inflation rate eased to 13.5 percent in July 2018 from 14.0 percent in June when cuts to energy subsidies imposed under an IMF loan deal hit the economy. Meanwhile, it was noted that core inflation fell for the twelfth consecutive month to record 8.5 percent in July, the lowest rate in more than two years. The Committee is aware that global conditions continue to tighten and trade tensions rose, putting pressure on currencies of emerging markets. The 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 11.76 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
2018-05-17 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% 16.75% 16.75%
2018-08-16 05:30 PM Interest Rate Decision 16.75% 16.75% 16.75% 16.75%
2018-09-27 04:00 PM Interest Rate Decision 16.75% 16.75% 16.75%
2018-11-15 08:00 PM Interest Rate Decision 15.75%
2018-12-27 08:00 PM Interest Rate Decision 15.75%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 16.75 16.75 21.40 8.25 percent [+]
Money Supply M0 708335.00 735428.00 735428.00 68043.00 EGP Million [+]
Money Supply M1 814397.00 823268.00 823268.00 33680.00 EGP Million [+]
Money Supply M2 3465346.00 3457015.00 3465346.00 161125.00 EGP Million [+]
Banks Balance Sheet 4420860.00 2846094.00 4420860.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 44420.00 44315.00 44420.00 13448.00 USD Million [+]
Loans to Private Sector 793946.00 803617.00 803617.00 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 5271957.00 5235034.00 5271957.00 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 September 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
Argentina 60.00 Sep/18
Turkey 24.00 Sep/18
Mexico 7.75 Aug/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Aug/18
South Africa 6.50 Sep/18
Indonesia 5.50 Aug/18
China 4.35 Aug/18
Saudi Arabia 2.50 Aug/18
United States 2.00 Aug/18
Australia 1.50 Sep/18
Canada 1.50 Sep/18
South Korea 1.50 Aug/18
Singapore 1.06 Aug/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18


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