Egypt's central bank kept the overnight lending rate unchanged at 12.25 percent. Analysts were expecting a full percentage point increase. source: Central Bank of Egypt
Lending Rate in Egypt averaged 11.25 percent from 2005 until 2022, 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. This page provides - Egypt Overnight Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Overnight Lending Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Lending Rate in Egypt is expected to be 12.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Egypt Overnight Lending Rate is projected to trend around 14.25 percent in 2023 and 10.50 percent in 2024, according to our econometric models.