The central bank of Egypt left its overnight lending rate steady at 17.75 percent on December 27th 2018 as expected. Lending Rate in Egypt averaged 11.24 percent from 2005 until 2018, reaching an all time high of 19.75 percent in July of 2017 and a record low of 9.25 percent in December of 2013.
Lending Rate in Egypt is expected to be 17.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Lending Rate in Egypt to stand at 17.25 in 12 months time. In the long-term, the Egypt Overnight Lending Rate is projected to trend around 18.00 percent in 2020, according to our econometric models.