Monetary Policy Committee Maintains Current Policy Rates
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to maintain its key policy rates unchanged, following its latest meeting and assessment of current economic developments, particularly inflation trends and future expectations.
Under the decision, the overnight deposit rate remains at 19.00 percent, while the overnight lending rate stays at 20.00 percent. The rate of the CBE’s main operation was also maintained at 19.50 percent.
In addition, the Committee decided to keep the discount rate unchanged at 19.50 percent.
Decision Reflects Assessment of Inflation Developments
The Central Bank of Egypt stated that the decision reflects the MPC’s evaluation of recent inflation dynamics and the evolving economic outlook since its previous meeting.
Maintaining the current CBE policy rates comes as part of the Committee’s continued efforts to manage monetary conditions, support price stability, and monitor domestic and global economic developments.
