The Central Bank of Egypt fixes interest rates for the third time

The Monetary Policy Committee of the Central Bank of Egypt decided, during its meeting today, Thursday, to keep the basic interest rates unchanged.

The committee explained, according to a statement from the bank, today, Thursday, that it was decided to fix the overnight deposit and lending rates at 19.00% and 20.00%, respectively, in addition to the central bank’s main operation rate at 19.50%, and the credit and discount rates were kept unchanged at 19.50%.

The committee confirmed that the decision came in light of its assessment of the latest developments in inflation rates and expectations since its previous meeting.

The bank fixed interest rates in the last two meetings of the Monetary Policy Committee last May and April, after twice reducing interest rates by 1% during December 2025 and February 2026.