US EditionCBE Cuts Key Interest Rates by 100 Bps - Egypt Independent
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Fathi al-Sayeh wrote that the architect, Matthew Pachay, a member of the Association of Egyptian Turks, had confirmed that the decision of the Monetary Policy Committee of the Central Bank of Egypt to reduce the basic interest rates by 1% was in the light of the recent decline in inflation rates, the growth of the manufacturing sector by 14.7% and the tourism sector by 17.3%, as well as the rise in net international reserves by more than 49 bill…
CBE cuts key interest rates by 100 bps - Egypt Independent
CAIRO, Oct 2 (MENA) - The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided Thursday to cut the overnight deposit rate, the overnight lending rate, and the main operation rate by 100 basis points to 21.00 percent, 22.00 percent, and 21.50 percent, respectively.
On Thursday, September 2, the Central Bank of Egypt lowered its interest rates by 100 basis points, reducing the deposit rate to 21% and the lending rate to 22%. This is the fourth reduction since the beginning of the year, in a context of moderate inflation and economic growth in acceleration. GDP grew by 5% in the second quarter of 2025, slightly above the 4.8% of the previous quarter. Read more»
CBE cuts key interest rates by 100 bps - Egyptian Gazette
CAIRO – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to cut the overnight deposit rate, the overnight lending rate, and the main operation rate by 100 basis points to 21.00 percent, 22.00 percent, and 21.50 percent, respectively. The discount rate was also lowered by 100 basis points to 21.50 percent, the CBE said in a statement. The decision reflects MPC’s assessment of the latest inflation developments and out…
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