The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided in its meeting on Thursday, to keep the key interest rates unchanged. Consequently, the overnight deposit rate, overnight lending rate, and the rate of the main operation remain fixed at 19.00 percent, 20.00 percent, and 19.50 percent, respectively. According to the committee, this decision reflects the latest inflationary trends and economic forecasts evaluated since the previous meeting. Inflationary pressureEgypt has faced significant inflationary challenges over the past two years, driven by currency fluctuations and global commodity price volatility. Keeping rates at this elevated level is intended to maintain the attractiveness of the Egyptian Pound and encourage savings.

Source: Egypt Independent April 03, 2026 10:33 UTC