In its accompanying statement, the MPC said the decision reflects its evaluation of inflation developments and the outlook since its February meeting. CBE policy rates remain a key benchmark for short-term interest rate trends in the Egyptian pound, influencing returns on savings instruments, lending rates, and yields on local currency government debt. It added that rising energy and agricultural commodity prices—driven by supply chain disruptions and higher shipping insurance costs—have renewed upward pressures on global inflation. Inflation developmentsOn inflation, the MPC noted that annual headline inflation rose to 13.4% in February 2026, up from 11.9% in January, while core inflation increased to 12.7% from 11.2% over the same period. The committee said this approach will help anchor inflation expectations, contain price pressures, and restore the downward trajectory of inflation.

Source: Daily News Egypt April 04, 2026 13:30 UTC