Egypt sharply cuts rates on lower inflation


The monetary policy committee of the Central Bank of Egypt sharply cut interest rates on February 14 due to the improved inflation outlook in the Arab economy.

Rate-setters reduced the three main rates by 100 basis points. The overnight deposit rate is now at 15.75%, the lending rate at 16.75%, and the main operation rate at 16.25%. “Incoming data continued to confirm the moderation of underlying inflationary pressures,” says the policy statement.

Headline year-on-year inflation was recorded

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: