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. source: Central Bank of Egypt
Interest Rate in Egypt averaged 11.77 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 September 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 7.25 percent in 2022 and 6.75 percent in 2023, according to our econometric models.