Egypt Interest Rate  1991-2017 | Data | Chart | Calendar | Forecast | News

The central bank of Egypt kept its benchmark overnight deposit interest rate unchanged at 18.75 percent for the third time on November 16th 2017, in line with market expectations. The overnight lending rate was also left steady at 19.75 percent, as a necessary requirement to achieve the inflation target of 13 percent (+/- 3 percent). Policymakers last hiked borrowing costs by 200 bps on July 6th. Inflation in October declined for the third consecutive month and the economy continued to grow. Unemployment decreased to the lowest rate since September of 2011 and inflation expectations remain consistent with the inflation target. Interest Rate in Egypt averaged 11.61 percent from 1991 until 2017, 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
2017-08-17 08:00 PM Interest Rate Decision 18.75% 18.75% 18.75%
2017-09-28 06:00 PM Interest Rate Decision 18.75% 18.75% 18.75% 18.75%
2017-11-16 05:30 PM Interest Rate Decision 18.75% 18.75% 18.75% 18.75%
2017-12-28 05:00 PM Interest Rate Decision 18.75% 18.75%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 18.75 18.75 21.40 8.25 percent [+]
Money Supply M0 675069.00 586622.00 675069.00 68043.00 EGP Million [+]
Money Supply M1 738455.00 718762.00 738455.00 33680.00 EGP Million [+]
Money Supply M2 3050373.00 3014379.00 3050373.00 161125.00 EGP Million [+]
Banks Balance Sheet 2846094.00 2198979.00 2846094.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 36703.00 36535.00 36703.00 13448.00 USD Million [+]
Loans to Private Sector 727728.00 723315.00 742804.00 221295.00 EGP Million [+]
Deposit Interest Rate 7.86 6.90 12.00 6.02 percent [+]
Lending Rate 19.75 19.75 19.75 9.25 percent [+]
Interbank Rate 9.30 9.30 13.61 6.95 percent [+]
Central Bank Balance Sheet 4586619.00 4461017.00 4586619.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
18.75 18.75 21.40 8.25 1991 - 2017 percent Daily




interest rate by Country
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Oct/17
Brazil 7.50 Oct/17
Mexico 7.00 Nov/17
India 6.00 Oct/17
China 4.35 Oct/17
Indonesia 4.25 Nov/17
Australia 1.50 Nov/17
South Korea 1.25 Oct/17
United States 1.25 Nov/17
Canada 1.00 Oct/17
United Kingdom 0.50 Nov/17
Euro Area 0.00 Oct/17
France 0.00 Oct/17
Germany 0.00 Oct/17
Italy 0.00 Oct/17
Netherlands 0.00 Oct/17
Spain 0.00 Oct/17
Japan -0.10 Oct/17
Switzerland -0.75 Oct/17