CBE keeps interest rates unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided Thursday to maintain the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation at 21.00 percent, 22.00 percent, and 21.50 percent, respectively.

The Committee also decided to keep the discount rate unchanged at 21.50 percent.

The decision reflects the Committee’s updated assessment of inflation dynamics and outlook since the previous MPC meeting.

"Globally, economic growth continues to show signs of recovery, yet its outlook remains constrained by recent trade-policy uncertainty and persistent geopolitical tensions. Given this backdrop, central banks in both advanced and emerging markets have maintained a cautious approach to monetary easing. Within commodity markets, oil prices have remained broadly stable, while agricultural prices have mostly declined. However, inflation remains subject to upside risk, particularly from possible supply-chain disruptions," the CBE said in a statement.

Domestically, CBE estimates indicate that real GDP growth has edged up to 5.2 percent in Q3 2025, from 5.0 percent in Q2 2025. The pickup was driven by robust growth in non-petroleum manufacturing, trade, and tourism.