Egypt Interest Rate

Last Release

May 22, 2025

Actual

Units In

Frequency

Daily

Next Release

Jul 10, 2025

Time to Release

1 Months 16 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
27.25 Mar 2024	8.25 Sep 2009	12.48 %	1991-2025	Central Bank of Egypt

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.

Latest Updates

The Central Bank of Egypt cut its benchmark overnight deposit rate by 100bps to 25% in its May 2025 meeting, a second consecutive rate cut, but less aggressive than market expectations that ranged from a 125bps rate cut to a 300bps rate cut. The rate cuts were the first in five years, aligning with the central bank's goal to support growth as Egypt remains as one of the economies with the highest real interest rates in the world. Still, the caution against more aggressive rate cuts aimed to support the domestic pound after the monetary authority devalued its currency by 40%. In the meantime, the overnight lending rate was also slashed by 100bps to 25%.