The Central Bank of Egypt maintained its benchmark interest rate unchanged at 27.25% during its December 2024 meeting, marking ten consecutive months of record-high borrowing costs in the Egyptian monetary system. The move aligns with efforts to control inflation, which declined to 25.5% in November from 26.5% in October, supported by falling food prices and restrictive monetary policies. Core inflation also eased to 23.7% in November from 24.4% in October. Despite these improvements, inflation remains well above the bank's target rate of 7% (±2 percentage points). Heightened geopolitical tensions and fiscal consolidation measures, including higher prices for fuel and other administratively priced items, continue to exert upward pressure on inflation. The CBE extended its inflation target horizon to the fourth quarters of 2026 and 2028, aiming for 7% and 5% on average, respectively, to accommodate price shocks without further tightening. source: Central Bank of Egypt

The benchmark interest rate in Egypt was last recorded at 27.25 percent. Interest Rate in Egypt averaged 12.34 percent from 1991 until 2024, reaching an all time high of 27.25 percent in March of 2024 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 January of 2025.

The benchmark interest rate in Egypt was last recorded at 27.25 percent. Interest Rate in Egypt is expected to be 27.25 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 20.00 percent in 2025, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-17 03:40 PM
Interest Rate Decision
27.25% 27.25% 27.25% 27.25%
2024-11-21 04:10 PM
Interest Rate Decision
27.25% 27.25% 27.25%
2024-12-26 06:00 PM
Interest Rate Decision
27.25% 27.25% 27.25% 27.25%
2025-02-20 04:00 PM
Interest Rate Decision
27.25%
2025-04-17 04:00 PM
Interest Rate Decision
2025-05-22 04:00 PM
Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 21187806.00 20495371.00 EGP Million Sep 2024
Central Bank Balance Sheet 6249216.00 6213150.00 EGP Million Nov 2024
Foreign Exchange Reserves 47109.00 46954.00 USD Million Dec 2024
Interbank Rate 27.64 27.50 percent Jan 2025
Interest Rate 27.25 27.25 percent Dec 2024
Overnight Lending Rate 28.25 28.25 percent Dec 2024
Loans to Private Sector 2556095.00 2505378.00 EGP Million Sep 2024
Money Supply M0 1808421.00 1905882.00 EGP Million Nov 2024
Money Supply M1 2775255.00 2778107.00 EGP Million Nov 2024
M2 Money Supply YoY 11341909.00 11247573.00 EGP Million Nov 2024

Egypt Interest Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
27.25 27.25 27.25 8.25 1991 - 2024 percent Daily


News Stream
Egypt Maintains Interest Rate at Record High in December
The Central Bank of Egypt maintained its benchmark interest rate unchanged at 27.25% during its December 2024 meeting, marking ten consecutive months of record-high borrowing costs in the Egyptian monetary system. The move aligns with efforts to control inflation, which declined to 25.5% in November from 26.5% in October, supported by falling food prices and restrictive monetary policies. Core inflation also eased to 23.7% in November from 24.4% in October. Despite these improvements, inflation remains well above the bank's target rate of 7% (±2 percentage points). Heightened geopolitical tensions and fiscal consolidation measures, including higher prices for fuel and other administratively priced items, continue to exert upward pressure on inflation. The CBE extended its inflation target horizon to the fourth quarters of 2026 and 2028, aiming for 7% and 5% on average, respectively, to accommodate price shocks without further tightening.
2024-12-26
Egypt Keeps Interest Rate Unchanged in November
The Central Bank of Egypt kept its interest rate unchanged at a record high of 27.25% in November 2024, for the eighth consecutive month, reflecting global and domestic economic conditions. Annual headline inflation stabilized at 26.5% in October, while core inflation eased to 24.4%, and food inflation dropped to a two-year low of 27.3%. These trends, along with improved inflation expectations and normalized monthly inflation dynamics, point to a continued disinflationary path, though subject to administered price adjustments. Real GDP growth accelerated in Q3 2024 compared to 2.4% in Q2, with further gains anticipated in Q4, although output remains below potential. Inflation is expected to hover near current levels through 2024, with risks still skewed to the upside, but is forecast to ease significantly from Q1 2025 as monetary tightening and favorable base effects take hold.
2024-11-21
Egypt Holds Interest Rate at Record High
The Central Bank of Egypt maintained its benchmark interest rate unchanged at 27.25% in its October 2024 meeting to mark eight consecutive months of record-high borrowing costs in the Egyptian monetary system. The move was widely expected by markets after an unexpected rebound in consumer inflation erased the room for the central bank to commence its loosening cycle. Inflation was last recorded at 26.4% in September, a second consecutive increase and the highest since June. Additionally, heightening geopolitical tensions among Egypt’s northern neighbors ob Israel and Lebanon also threatened to prolong the start of rate cuts by the central bank, as higher risk premiums for energy threatened consumers’ purchasing power shortly after the government cut subsidies on electricity and utility bills.
2024-10-17