The central bank of Egypt left its key overnight deposit rate steady at 16.75 percent on November 15th 2018 as expected. Policymakers said inflation in both September and October 2018 came higher than expected, mainly due to prices of fresh vegetables, although supply shocks are seen transitory. The central bank added that current policy stance remains in line with achieving single digit inflation as soon as the effects of fiscal consolidation measures dissipate. The Ministry of Finance is targeting to achieve a primary surplus of 2 percent of GDP in fiscal year 2018/19, up from a preliminary 0.2 percent in the previous year. The overnight lending rate and the discount rate were also kept at 17.75 percent and 17.25 percent respectively. Interest Rate in Egypt averaged 11.81 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.

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 14.50 in 12 months time. In the long-term, the Egypt Interest Rate is projected to trend around 14.50 percent in 2020, according to our econometric models.

Egypt Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-16 05:30 PM Interest Rate Decision 16.75% 16.75% 16.75% 16.75%
2018-09-27 05:45 PM Interest Rate Decision 16.75% 16.75% 16.75% 16.75%
2018-11-15 06:00 PM Interest Rate Decision 16.75% 16.75% 16.75% 16.75%
2018-12-27 08:00 PM Interest Rate Decision 16.75% 15.75%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 16.75 16.75 21.40 8.25 percent [+]
Money Supply M0 679976.00 704761.00 735428.00 68043.00 EGP Million [+]
Money Supply M1 838911.00 838278.00 838911.00 33680.00 EGP Million [+]
Money Supply M2 3547782.00 3515421.00 3547782.00 161125.00 EGP Million [+]
Banks Balance Sheet 5080570.00 4420860.00 5080570.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 44501.00 44459.00 44501.00 13448.00 USD Million [+]
Loans to Private Sector 804791.00 795246.00 804791.00 220898.00 EGP Million [+]
Deposit Interest Rate 11.90 12.00 13.60 3.00 percent [+]
Lending Rate 17.75 17.75 19.75 9.25 percent [+]
Central Bank Balance Sheet 5196612.00 5140144.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16.75 16.75 21.40 8.25 1991 - 2018 percent Daily




Country Last
Argentina 62.12 Nov/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18


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