Bank Lending Rate in Egypt decreased to 16.30 percent in August from 16.50 percent in July of 2019. Bank Lending Rate in Egypt averaged 13.93 percent from 1991 until 2019, reaching an all time high of 21.15 percent in November of 1991 and a record low of 10.60 percent in February of 2011.
Bank Lending Rate in Egypt is expected to be 18.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Egypt to stand at 16.50 in 12 months time. In the long-term, the Egypt Bank Lending Rate is projected to trend around 16.35 percent in 2020, according to our econometric models.