The Central Bank of Egypt held its overnight deposit rate at 15.75 percent during its May meeting despite ongoing US-China trade tensions, as policymakers are reluctant to change their monetary stance ahead of energy subsidy cuts expected next month, which are likely to boost inflation. Interest Rate in Egypt averaged 11.89 percent from 1991 until 2019, 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.
Interest Rate in Egypt is expected to be 15.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Egypt to stand at 14.75 in 12 months time. In the long-term, the Egypt Interest Rate is projected to trend around 13.75 percent in 2020, according to our econometric models.