Egypt PM, Central Bank Governor Discuss Prices and Investment Outlook

Egyptian Prime Minister Mostafa Madbouly met on Tuesday evening with Hassan Abdalla, Governor of the Central Bank of Egypt, at the government headquarters in the New Administrative Capital to review coordination between the government and the central bank on a number of key economic files.

According to Cabinet spokesperson Mohamed El-Homsany, the meeting focused primarily on measures aimed at ensuring the availability of essential goods for citizens and maintaining price stability, particularly as the holy month of Ramadan approaches, a period marked by increased consumer demand.

The discussions also reviewed the implications of the Central Bank of Egypt’s recent decision to cut interest rates by 100 basis points on Thursday, February 12, 2026. The move reduced overnight deposit and lending rates as part of broader monetary policy efforts following a decline in inflation.

El-Homsany said the meeting examined the expected impact of the interest rate cut on stimulating investment across various sectors of the economy, especially in light of the consecutive reductions in deposit rates. The talks highlighted the importance of continued coordination between fiscal and monetary authorities to support economic growth while safeguarding market stability.

The government has repeatedly emphasized the need to balance inflation control with policies that encourage private-sector investment and ensure the steady supply of goods, particularly during periods of heightened consumption.