The central bank of Egypt left its key overnight deposit rate unchanged at 15.75 percent at its March 28th 2019 meeting, as widely expected. Policymakers noted that inflation rate and core inflation rate quickened to 14.4 percent and 9.2 percent in February 2019, respectively, mainly due to prices of fresh vegetables and partly impacted by an unfavourable base effect. Meanwhile, the contribution of non-food items remained broadly contained. The central bank maintains its inflation target at 9 percent (±3 percent) on average by Q4 2020. Looking ahead, the bank added that will continue to closely monitor all economic developments and will not hesitate to adjust its stance to preserve monetary stability. The overnight lending rate and the discount rate were also kept at 16.75 percent and 16.25 percent, respectively. Interest Rate in Egypt averaged 11.87 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 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 13.75 in 12 months time. In the long-term, the Egypt Interest Rate is projected to trend around 12.75 percent in 2020, according to our econometric models.

Egypt Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-15 06:00 PM Interest Rate Decision 16.75% 16.75% 16.75% 16.75%
2018-12-27 06:00 PM Interest Rate Decision 16.75% 16.75% 16.75%
2019-02-14 05:30 PM Interest Rate Decision 15.75% 16.75% 16.75% 16.75%
2019-03-28 05:10 PM Interest Rate Decision 15.75% 15.75% 15.75% 15.75%
2019-05-23 04:00 PM Interest Rate Decision 15.75% 15.75%
2019-07-11 04:00 PM Interest Rate Decision 15.75%
2019-08-22 05:30 PM Interest Rate Decision 14.75%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 15.75 15.75 21.40 8.25 percent [+]
Money Supply M0 664144.00 660763.00 735428.00 68043.00 EGP Million [+]
Money Supply M1 840527.00 832658.00 840527.00 33680.00 EGP Million [+]
Money Supply M2 3680000.00 3643134.00 3680000.00 161125.00 EGP Million [+]
Banks Balance Sheet 5080570.00 4420860.00 5080570.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 44112.20 44060.20 44513.00 13448.00 USD Million [+]
Loans to Private Sector 842975.00 834590.00 842975.00 220898.00 EGP Million [+]
Deposit Interest Rate 12.20 12.20 13.60 3.00 percent [+]
Lending Rate 16.75 16.75 19.75 9.25 percent [+]
Central Bank Balance Sheet 5432802.00 5577938.00 5577938.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15.75 15.75 21.40 8.25 1991 - 2019 percent Daily




Country Last Previous
Argentina 67.12 Apr/19
Turkey 24.00 Mar/19
Mexico 8.25 Mar/19
Russia 7.75 Mar/19
South Africa 6.75 Mar/19
Brazil 6.50 Mar/19
India 6.00 Apr/19
Indonesia 6.00 Mar/19
China 4.35 Mar/19
Saudi Arabia 3.00 Mar/19
United States 2.50 Mar/19
Singapore 2.24 Mar/19
Canada 1.75 Mar/19
South Korea 1.75 Apr/19
Australia 1.50 Apr/19
United Kingdom 0.75 Mar/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Mar/19
Switzerland -0.75 Mar/19


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