Egypt Overnight Lending Rate decreased to 16.75 percent on Thursday February 14 from 17.75 percent in the previous trading day. Lending Rate in Egypt averaged 11.24 percent from 2005 until 2019, reaching an all time high of 19.75 percent in July of 2017 and a record low of 9.25 percent in December of 2013.
Lending 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 Lending Rate in Egypt to stand at 14.75 in 12 months time. In the long-term, the Egypt Overnight Lending Rate is projected to trend around 16.00 percent in 2020, according to our econometric models.