Egypt Interest Rate 1991-2018 | Data | Chart | Calendar | Forecast | News

The Central Bank of Egypt cut its key overnight deposit rate by 100bps to 16.75 percent on March 29th 2018, matching market expectations. It is the second straight rate cut as the inflation continues to decline. In February, the inflation went down to 14.4 percent from 17.1 percent in January, reaching the lowest since October of 2016. Policymakers added that the move is consistent with tight monetary conditions and with achieving the inflation target of 13 percent (±3 percent) in the last quarter of 2018 and single digits thereafter. The overnight lending rate and the discount rate were also lowered by 100bps to 17.75 percent and 17.25 percent respectively. Interest Rate in Egypt averaged 11.69 percent from 1991 until 2018, reaching an all time high of 21.40 percent in October of 1991 and a record low of 8.25 percent in September of 2009.

Egypt Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-28 08:00 PM Interest Rate Decision 18.75% 18.75% 18.75% 18.75%
2018-02-15 06:15 PM Interest Rate Decision 17.75% 18.75% 17.75% 18.75%
2018-03-29 05:00 PM Interest Rate Decision 16.75% 17.75% 16.75% 17.75%
2018-05-17 08:00 PM Interest Rate Decision 16.75% 15.75%
2018-06-28 08:00 PM Interest Rate Decision 15.75%
2018-08-16 08:00 PM Interest Rate Decision 14.75%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 16.75 16.75 21.40 8.25 percent [+]
Money Supply M0 677735.00 693800.00 693800.00 68043.00 EGP Million [+]
Money Supply M1 743810.00 745212.00 745212.00 33680.00 EGP Million [+]
Money Supply M2 3343225.00 3294896.00 3343225.00 161125.00 EGP Million [+]
Banks Balance Sheet 4420860.00 2846094.00 4420860.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 44030.00 42611.00 44030.00 13448.00 USD Million [+]
Loans to Private Sector 749757.00 743567.00 749757.00 221295.00 EGP Million [+]
Deposit Interest Rate 7.86 6.90 12.00 6.02 percent [+]
Lending Rate 17.75 17.75 19.75 9.25 percent [+]
Central Bank Balance Sheet 4813343.00 4865548.00 4865548.00 1198240.00 EGP Million [+]


Egypt Interest Rate

In Egypt, interest rate decisions are taken by the Central Bank of Egypt (CBE). The Central Bank of Egypt official interest rate is the overnight deposit rate. The CBE is committed to achieving, over the medium term, low rates of inflation which it believes are essential for maintaining confidence and for sustaining high rates of investment and economic growth. This page provides - Egypt Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16.75 16.75 21.40 8.25 1991 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 8.00 Apr/18
Mexico 7.50 Apr/18
Russia 7.25 Apr/18
Brazil 6.50 Mar/18
India 6.00 Apr/18
China 4.35 Apr/18
Indonesia 4.25 Apr/18
United States 1.75 May/18
Australia 1.50 May/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 Apr/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Apr/18


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