The Central Bank of Egypt left its overnight deposit rate at 15.75 percent during its July 2019 meeting, as widely expected. Policymakers said that the decision remains consistent with achieving the inflation target range of (9.0+/-3.0%) by the end of 2020 and price stability over the medium term. The Committee noted that the annual inflation rate fell to 9.4 percent in June from 14.1 percent in May, the lowest rate in over three years, mainly due to base effects, resulting from impact of the implemented fiscal consolidation measures in June 2018, and the decline of volatile food prices. Policymakers added that will monitor all economic developments and will adjust its stance to preserve monetary stability if necessary. Interest Rate in Egypt averaged 11.90 percent from 1991 until 2019, 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.

Interest Rate in Egypt is expected to be 15.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Egypt to stand at 14.75 in 12 months time. In the long-term, the Egypt Interest Rate is projected to trend around 13.75 percent in 2020, according to our econometric models.

Egypt Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 05:30 PM Interest Rate Decision 15.75% 16.75% 16.75% 16.75%
2019-03-28 05:10 PM Interest Rate Decision 15.75% 15.75% 15.75% 15.75%
2019-05-23 01:15 PM Interest Rate Decision 15.75% 15.75% 15.75% 15.75%
2019-07-11 04:30 PM Interest Rate Decision 15.75% 15.75% 15.75% 15.75%
2019-08-22 05:30 PM Interest Rate Decision 15.75% 15.75%
2019-09-26 05:45 PM Interest Rate Decision 15.75%
2019-11-14 06:00 PM Interest Rate Decision 15.75%


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 15.75 15.75 21.40 8.25 percent [+]
Money Supply M0 684022.00 713100.00 735428.00 68043.00 EGP Million [+]
Money Supply M1 909130.00 881296.00 909130.00 33680.00 EGP Million [+]
Money Supply M2 3797659.00 3762427.00 3797659.00 161125.00 EGP Million [+]
Banks Balance Sheet 5080570.00 4420860.00 5080570.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 44352.00 44275.00 44513.00 13448.00 USD Million [+]
Loans to Private Sector 867650.00 861559.00 867650.00 220898.00 EGP Million [+]
Deposit Interest Rate 11.40 12.00 13.60 3.00 percent [+]
Lending Rate 16.75 16.75 19.75 9.25 percent [+]
Central Bank Balance Sheet 5740234.00 5668709.00 5740234.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15.75 15.75 21.40 8.25 1991 - 2019 percent Daily




Country Last Previous
Argentina 58.71 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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