Egypt cuts rates by 100bp and lowers reserve requirements
Central bank continues to reverse tight monetary policy stance as inflation gradually declines
The Central Bank of Egypt has cut its key lending rates by 100 basis points and lowered its reserve requirements.
In a statement, the bank said it had reduced the overnight deposit rate, overnight lending rate and the rate of the main operation to 19%, 20% and 19.5% respectively. The rates decision – the bank’s first of 2026 – was in line with market expectations.
The bank also lowered the reserve requirement ratio for commercial banks from 18% to 16%.
Year-on-year headline inflation in Egypt
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