Egypt Lowers Interest Rates by 2.25% as Inflation Slows

Egypt Lowers Interest Rates by 2.25% as Inflation Slows

Egypt’s central bank cut interest rates for the first time by 2.25 percent in over five years on Thursday, April 17, saying falling prices could lead to more cuts soon, according to an official statement. The overnight deposit rate is now 25 percent, the overnight lending rate is 26 percent, and the main operation rate is 25.5 percent. The discount rate was also brought down and now matches the main operation rate at 25.5 percent. These rates af…

The Central Bank's Monetary Policy Committee explained the reasons for its decision to lower interest rates in its meeting on Thursday, April 17, 2025, and confirmed that the annual general and core inflation declined to 13.6% and 9.4% in March 2025 respectively, which is the lowest rate of core inflation in nearly three years. The sharp drop in the annual rate of general inflation by 9.0... Source