The Central Bank of Egypt left its key overnight deposit rate unchanged at 8.25% on April 28th 2021, as expected. The overnight lending rate was also left at 9.25%, and the discount rate at 8.75%. The monetary policy committee noted annual headline inflation rate stabilized at 4.5% in March and February 2021, with main upward pressure from food items, while non-food inflation declined. The central bank added some leading indicators pointed towards a recovery in economic activity. According to this macroeconomic context, policymakers said the decision was consistent with achieving the inflation target of 7% (±2 percentage points) on average in 2022 Q4 and price stability over the medium term. source: Central Bank of Egypt
Interest Rate in Egypt averaged 11.81 percent from 1991 until 2021, reaching an all time high of 21.40 percent in October of 1991 and a record low of 8.25 percent in September of 2009. This page provides - Egypt Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Interest Rate in Egypt is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Egypt to stand at 7.50 in 12 months time. In the long-term, the Egypt Interest Rate is projected to trend around 7.25 percent in 2022 and 6.75 percent in 2023, according to our econometric models.