The Central Bank of Egypt left its key overnight deposit rate steady at 8.25% on October 28th, 2021, as expected remains consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in 2022 Q4 and price stability over the medium term. Annual headline urban inflation increased to 6.6% in September 2021 from 5.7% in August 2021, affected by unfavorable base effects during September 2021 as expected as well as strong monthly dynamics mainly related to higher tomato prices. Meantime, the overnight lending rate was also left at 9.25%, and the discount rate at 8.75%. The MPC concluded by saying it closely monitors all economic developments and will not hesitate to utilize all available tools to support the recovery of economic activity, within its price stability mandate. source: Central Bank of Egypt

Interest Rate in Egypt averaged 11.76 percent from 1991 until 2021, 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. 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 December of 2021.

Interest Rate in Egypt is expected to be 8.25 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 7.75 percent in 2022 and 6.75 percent in 2023, according to our econometric models.

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Egypt Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-05 05:00 PM 8.25% 8.25% 8.25% 8.25%
2021-09-16 05:40 PM 8.25% 8.25% 8.25% 8.25%
2021-10-28 05:40 PM 8.25% 8.25% 8.25% 8.25%
2021-12-16 05:00 PM 8.25% 8.25%


Related Last Previous Unit Reference
Interest Rate 8.25 8.25 percent Oct/21
Interbank Rate 9.79 9.79 percent Dec/21
Money Supply M1 1345993.00 1330584.00 EGP Million Oct/21
Money Supply M0 1005060.00 1033868.00 EGP Million Oct/21
Money Supply M2 5650999.00 5575665.00 EGP Million Oct/21
Foreign Exchange Reserves 40849.00 40825.00 USD Million Oct/21
Banks Balance Sheet 6408261.00 5516806.00 EGP Million Jun/20
Loans to Private Sector 1240348.00 1222757.00 EGP Million Oct/21
Lending Rate 9.25 9.25 percent Oct/21
Central Bank Balance Sheet 8274569.00 8059461.00 EGP Million Aug/21

News Stream
Egypt Keeps Rates Steady
The Central Bank of Egypt left its key overnight deposit rate steady at 8.25% on October 28th, 2021, as expected remains consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in 2022 Q4 and price stability over the medium term. Annual headline urban inflation increased to 6.6% in September 2021 from 5.7% in August 2021, affected by unfavorable base effects during September 2021 as expected as well as strong monthly dynamics mainly related to higher tomato prices. Meantime, the overnight lending rate was also left at 9.25%, and the discount rate at 8.75%. The MPC concluded by saying it closely monitors all economic developments and will not hesitate to utilize all available tools to support the recovery of economic activity, within its price stability mandate.
2021-10-28
Egypt Leaves Key Rates Unchanged
The Central Bank of Egypt left its key overnight deposit rate steady at 8.25% on August 16th, 2021, as expected saying it remains consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in 2022 Q4 and price stability over the medium term. Annual headline urban inflation increased to 5.7 percent in August 2021 from 5.4 percent in July 2021, after having accelerated from 4.9 percent in June 2021. Meantime, the overnight lending rate was also left at 9.25%, and the discount rate at 8.75%. The MPC concluded by saying it closely monitors all economic developments and will not hesitate to utilize all available tools to support the recovery of economic activity, within its price stability mandate.
2021-09-16
Egypt Leaves Key Rates Unchanged
The Central Bank of Egypt left its key overnight deposit rate steady at 8.25% on August 5th, 2021, as expected. The overnight lending rate was also left at 9.25%, and the discount rate at 8.75%, for a sixth consecutive time, after cuts in September and November last year. The MPC noted that headline inflation had increased to 4.9% in June from 4.8% in April, reflecting the early impact of the Covid-19 outbreak and its related containment measures on inflation readings during 2020. Inflation is expected to continue to be affected by unfavourable base effects in the near term.
2021-08-05

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.