Egypt holds policy rates

Central bank says improved external financing after IMF loan will help price stability

Central Bank of Egypt
Central Bank of Egypt
Ibrahim.ID (

The Egyptian central bank held all of its key policy rates flat on May 23, even though inflation dropped last month.

The Central Bank of Egypt’s monetary policy committee (MPC) kept the overnight deposit rate at 27.25%, and also held all its supplemental rates. Official headline inflation fell to 32.5% in April, down from 33.3% in the previous month, while core inflation dropped to 31.8% from 33.7%. 

The central bank said that its forecasts indicates inflation had already peaked and was likely to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account