Egypt Interest Rate  1991-2017 | Data | Chart | Calendar | Forecast | News

The central bank of Egypt has unexpectedly lifted its benchmark overnight deposit interest rate by 200 bps to 18.75 percent on July 6th. It is the second consecutive hike so far this year. Policymakers said there are stronger risks to inflation derived from demand-side pressures and after the government raised electricity prices by up to 42 percent. In May. The inflation decreased slightly to 29.7 percent in May from 31.5 percent in the previous month. The lending rate and the discount rate were also raised to 19.75 percent and 19.25 percent, respectively. Interest Rate in Egypt averaged 11.47 percent from 1991 until 2017, 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.

Egypt Interest Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-30 04:20 PM Interest Rate Decision 14.75% 14.75% 14.75% 14.75%
2017-05-21 07:35 PM Interest Rate Decision 16.75% 14.75% 14.75% 14.75%
2017-07-06 08:00 PM Interest Rate Decision 18.75% 16.75% 16.75%
2017-09-28 05:00 PM Interest Rate Decision 18.75% 18.75%
2017-11-16 05:00 PM Interest Rate Decision 18.75%
2017-12-28 05:00 PM Interest Rate Decision 18.75%




Egypt Money Last Previous Highest Lowest Unit
Interest Rate 18.75 16.75 21.40 8.25 percent [+]
Money Supply M0 577580.00 553810.00 577580.00 68043.00 EGP Million [+]
Money Supply M1 684278.00 653791.00 684278.00 33680.00 EGP Million [+]
Money Supply M2 2849604.00 2784571.00 2849604.00 161125.00 EGP Million [+]
Banks Balance Sheet 2846094.00 2198979.00 2846094.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 31305.00 31126.00 36038.00 13448.00 USD Million [+]
Loans to Private Sector 739510.00 734294.00 739510.00 221295.00 EGP Million [+]
Deposit Interest Rate 6.90 6.92 12.00 6.02 percent [+]
Interbank Rate 9.30 9.30 13.61 6.95 percent [+]
Lending Rate 19.75 19.75 19.75 9.25 percent [+]
Central Bank Balance Sheet 4216048.00 3952149.00 4216048.00 1198240.00 EGP Million [+]


Egypt Interest Rate Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
18.75 16.75 21.40 8.25 1991 - 2017 percent Daily



interest rate by Country

Last
Brazil 10.25 Jun/17
Russia 9.00 Jun/17
Turkey 8.00 Jun/17
Mexico 7.00 Jun/17
India 6.25 Jun/17
Indonesia 4.75 Jul/17
China 4.35 Jun/17
Australia 1.50 Jul/17
South Korea 1.25 Jul/17
United States 1.25 Jun/17
Canada 0.75 Jul/17
United Kingdom 0.25 Jun/17
Euro Area 0.00 Jul/17
France 0.00 Jul/17
Germany 0.00 Jul/17
Italy 0.00 Jul/17
Netherlands 0.00 Jul/17
Spain 0.00 Jul/17
Japan -0.10 Jul/17
Switzerland -0.75 Jun/17