The Central Bank of Egypt lowered its key overnight deposit rate by 100 bps to 13.25 percent during its September meeting, as expected. This is the second straight rate cut as inflation continued to decline and stocks rebounded from steep losses following anti-government protests that rocked the markets in the beginning of the week. In August, headline inflation eased to an over 6-year low of 7.5 percent from 8.8 percent in July, moving closer to the lower limit of the Bank's target range of 6-12 percent. Policymakers reiterated that the pace and magnitude of future policy rates adjustment will continue to be subject to confirmation that inflation expectations are anchored at target levels that are consistent with disinflation and price stability over the medium term. The overnight lending rate and the discount rate were also cut by 100 bps to 14.25 percent and 13.75 percent, respectively. Interest Rate in Egypt averaged 11.92 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 13.25 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 12.50 in 12 months time. In the long-term, the Egypt Interest Rate is projected to trend around 12.00 percent in 2020, according to our econometric models.

Egypt Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-23 01:15 PM Interest Rate Decision 15.75% 15.75% 15.75% 15.75%
2019-07-11 04:30 PM Interest Rate Decision 15.75% 15.75% 15.75% 15.75%
2019-08-22 05:00 PM Interest Rate Decision 14.25% 15.75% 14.75% 14.75%
2019-09-26 01:45 PM Interest Rate Decision 13.25% 14.25% 13.25% 13.25%
2019-11-14 06:00 PM Interest Rate Decision 13.25% 13.25%
2019-12-26 06:00 PM Interest Rate Decision 13.25%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 13.25 14.25 21.40 8.25 percent [+]
Money Supply M0 752555.00 701395.00 752555.00 68043.00 EGP Million [+]
Money Supply M1 946749.00 925185.00 946749.00 33680.00 EGP Million [+]
Money Supply M2 3929472.00 3884907.00 3929472.00 161125.00 EGP Million [+]
Foreign Exchange Reserves 45118.00 44969.00 45118.00 10088.00 USD Million [+]
Banks Balance Sheet 5080570.00 4420860.00 5080570.00 156312.00 EGP Million [+]
Loans to Private Sector 869704.00 866486.00 870185.00 220898.00 EGP Million [+]
Deposit Interest Rate 11.10 11.30 13.60 3.00 percent [+]
Lending Rate 14.25 15.25 19.75 9.25 percent [+]
Central Bank Balance Sheet 5560772.00 5516806.00 5740234.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.25 14.25 21.40 8.25 1991 - 2019 percent Daily




Country Last Previous
Argentina 68.02 Oct/19
Turkey 16.50 Sep/19
Mexico 7.75 Sep/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
Indonesia 5.25 Sep/19
India 5.15 Oct/19
China 4.20 Oct/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.72 Sep/19
South Korea 1.50 Sep/19
Australia 0.75 Oct/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19


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