The Central Bank of Egypt raised its key interest rate by 100 basis points to 20% at its October 2026 meeting, surprising analysts who expected it to remain uchanged. This marks the first rate hike since March 2024. The decision aims to keep inflation expectations anchored and safeguard the disinflation trajectory, amidst challenging external conditions and heightened uncertainty. Egypt's annual urban inflation eased for the second straight month to 13.9% in September 2026 from 14.5% in August, but remains well above the central bank's 7% ±2% target range. source: Central Bank of Egypt

The benchmark interest rate in Egypt was last recorded at 20 percent. Interest Rate in Egypt averaged 12.82 percent from 1991 until 2026, reaching an all time high of 27.25 percent in March of 2024 and a record low of 8.25 percent in September of 2009. This page provides - Egypt Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

The benchmark interest rate in Egypt was last recorded at 20 percent. Interest Rate in Egypt is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Interest Rate is projected to trend around 18.00 percent in 2027 and 15.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-20 02:20 PM Interest Rate Decision 19% 19% 19% 19.0%
2026-09-24 01:30 PM Interest Rate Decision 19% 19% 19% 19%
2026-10-29 03:00 PM Interest Rate Decision 20% 19% 19% 19%
2026-12-17 04:00 PM Interest Rate Decision 19%


Related Last Previous Unit Reference
Banks Balance Sheet 27499695.00 27135958.00 EGP Million May 2026
Central Bank Balance Sheet 6821258.00 6742367.00 EGP Million May 2026
Foreign Exchange Reserves 57348.00 57215.00 USD Million Sep 2026
Interbank Rate 19.46 19.51 percent Oct 2026
Interest Rate 20.00 19.00 percent Oct 2026
Overnight Lending Rate 21.00 20.00 percent Oct 2026
Loans to Private Sector 3736528.00 3715628.00 EGP Million Aug 2026
Money Supply M0 2511338.00 2554862.00 EGP Million Aug 2026
Money Supply M1 4534129.00 4489553.00 EGP Million Aug 2026
M2 Money Supply YoY 15665518.00 15499852.00 EGP Million Aug 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
20.00 19.00 27.25 8.25 1991 - 2026 percent Daily

News Stream
Central Bank of Egypt Delivers Surprise Rate Hike
The Central Bank of Egypt raised its key interest rate by 100 basis points to 20% at its October 2026 meeting, surprising analysts who expected it to remain uchanged. This marks the first rate hike since March 2024. The decision aims to keep inflation expectations anchored and safeguard the disinflation trajectory, amidst challenging external conditions and heightened uncertainty. Egypt's annual urban inflation eased for the second straight month to 13.9% in September 2026 from 14.5% in August, but remains well above the central bank's 7% ±2% target range.
2026-10-29
Egypt Holds Rate for Sixth Straight Meeting
The Central Bank of Egypt kept its key interest rate unchanged at 19% at its September 2026 meeting, in line with market expectations amid still-high inflation and regional and energy shocks. This marked the sixth consecutive meeting with rates on hold. The CBE said the global outlook remains uncertain due to geopolitical tensions, tighter financial conditions, and renewed supply chain disruptions. Domestic economic activity continued to moderate due to regional tensions, while the projected output gap suggests limited demand-side inflationary pressures in the short term. Annual headline inflation eased marginally, while core inflation remained relatively stable. The CBE revised its inflation forecast downward, but said risks remain tilted to the upside amid renewed regional hostilities. It added that the current degree of policy restrictiveness should help buffer these risks and preserve the projected disinflation path.
2026-09-24
Egypt's Central Bank Maintains Key Policy Rate
The Central Bank of Egypt kept its key interest rate unchanged at 19% at its August 2026 meeting, in line with market expectations. This marked the fifth consecutive meeting with rates on hold, extending a pause in the almost year-long monetary easing cycle as the Middle East conflict increased pressure on the Egyptian pound and fuel import costs. Headline inflation accelerated to 14.9% in July, after easing through June. Meanwhile, economic activity is estimated to moderated in the second quarter of 2026. The central bank is expected to keep rates unchanged through the end of 2026 before resuming its easing cycle in Q1 2027. Policymakers expect inflation to return to the 7% ±2% target range in the second half of 2027. Economic growth is expected to average 5% in FY 2025/26, with output remaining below potential, though expected to gradually converge toward potential by H2 2027. Looking ahead, policymakers reiterated their commitment to preserve price stability.
2026-08-20