The Central Bank of Egypt kept its key interest rate unchanged at 19% at its May 2026 policy meeting, matching market expectations. The decision followed a rise in annual headline inflation to 13.4% in February from 11.9% in January, while core inflation accelerated to 12.7% from 11.2%, driven by higher education costs and seasonal food price increases during Ramadan. The central bank warned that rising global energy and agricultural prices, exchange-rate volatility, and fiscal adjustment measures could slow the disinflation process and threaten its Q4 2026 inflation target. Meanwhile, Egypt lowered its FY2025/26 GDP growth forecast to 4.9% from 5.1%, citing weaker external demand and regional tensions. Globally, policymakers noted that escalating conflicts and supply-chain disruptions continue to pressure inflation and weaken growth prospects. source: Central Bank of Egypt

The benchmark interest rate in Egypt was last recorded at 19 percent. Interest Rate in Egypt averaged 12.73 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 June of 2026.

The benchmark interest rate in Egypt was last recorded at 19 percent. Interest Rate in Egypt is expected to be 19.00 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 14.00 percent in 2027 and 13.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-12 03:10 PM Interest Rate Decision 19% 20% 19% 19%
2026-04-02 04:15 PM Interest Rate Decision 19% 19% 19%
2026-05-21 04:15 PM Interest Rate Decision 19% 19% 19% 19%
2026-07-09 04:00 PM Interest Rate Decision 19%
2026-08-20 04:00 PM Interest Rate Decision
2026-09-24 04:00 PM Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 24122237.00 26399918.00 EGP Million Dec 2025
Central Bank Balance Sheet 6742367.00 6730682.00 EGP Million Apr 2026
Foreign Exchange Reserves 53010.00 52830.00 USD Million Apr 2026
Interbank Rate 19.78 19.76 percent Jun 2026
Interest Rate 19.00 19.00 percent May 2026
Overnight Lending Rate 20.00 20.00 percent May 2026
Loans to Private Sector 3484506.00 3301972.00 EGP Million Mar 2026
Money Supply M0 2429600.00 2463270.00 EGP Million Apr 2026
Money Supply M1 4302576.00 4189517.00 EGP Million Apr 2026
M2 Money Supply YoY 15137156.00 15074641.00 EGP Million Apr 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
19.00 19.00 27.25 8.25 1991 - 2026 percent Daily

News Stream
Egypt's Central Bank Holds Interest Rates Steady
The Central Bank of Egypt kept its key interest rate unchanged at 19% at its May 2026 policy meeting, matching market expectations. The decision followed a rise in annual headline inflation to 13.4% in February from 11.9% in January, while core inflation accelerated to 12.7% from 11.2%, driven by higher education costs and seasonal food price increases during Ramadan. The central bank warned that rising global energy and agricultural prices, exchange-rate volatility, and fiscal adjustment measures could slow the disinflation process and threaten its Q4 2026 inflation target. Meanwhile, Egypt lowered its FY2025/26 GDP growth forecast to 4.9% from 5.1%, citing weaker external demand and regional tensions. Globally, policymakers noted that escalating conflicts and supply-chain disruptions continue to pressure inflation and weaken growth prospects.
2026-05-21
Egypt Central Bank Holds Interest Rates Amid Regional Conflict
The Central Bank of Egypt kept its key policy rates unchanged at 19% on April 2, 2026, pausing its easing cycle amid regional conflict. The Monetary Policy Committee aims to keep inflation expectations anchored and restore disinflation. Globally, economic growth has moderated as escalating conflict heightened uncertainty and disrupted trade. Energy and agricultural commodity prices surged on supply disruptions, renewing upward inflation pressure worldwide. The conflict realized upside inflation risks, disrupting stable conditions and prolonging disinflation. A global energy shock and risk-off sentiment shifted the economic outlook, particularly for emerging markets. Domestically, fiscal consolidation and exchange rate depreciation have absorbed the energy shock, mitigating impact on activity. However, the inflation path and the CBE's 7 percent target for Q4 2026 face heightened upside risks if conflict persists or fiscal pass-through exceeds expectations.
2026-04-02
Egypt Delivers Another 100 Bps Rate Cut as Forecast
The Central Bank of Egypt slashed key interest rates by another 100 bps to 19% on February 12, 2026, bringing borrowing costs to the lowest level since July 2023, amid slowing inflation and a strengthening currency. The second consecutive rate cut was widely expected, with most analysts anticipating a 100-basis-point reduction. The latest data showed annual urban inflation eased to a four-month low of 11.9% in January 2026 from 12.3% in the month earlier; while core inflation decelerated for the second month to a five-month low of 11.2%. Egypt’s pound has appreciated around 2% so far this year and is currently trading at 46.8 per US dollar, its highest level since May 2024. The discount rate was also cut to 19.5%. In addition, the CBE Board of Directors reduced the required reserve ratio (RRR) for commercial banks from 18% to 16%.
2026-02-12