Egypt Interest Rate  1991-2017 | Data | Chart | Calendar | Forecast | News

The central bank of Egypt has unexpectedly lifted its benchmark overnight deposit interest rate by 200 bps to 16.75 percent on May 21st. It is the first rise since the hike of 300 bps in November last year. Policymakers said there are stronger risks to inflation derived from demand-side pressures. In April, the inflation increased to 31.5 percent, reaching a three decade-high while monthly inflation eased to 1.69 percent, the lowest in seven months. The lending rate and the discount rate were also raised to 17.75 percent and 17.25 percent, respectively. Interest Rate in Egypt averaged 11.47 percent from 1991 until 2017, 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.

Egypt Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-16 05:10 PM Interest Rate Decision 14.75% 14.75% 14.75% 14.75%
2017-03-30 04:20 PM Interest Rate Decision 14.75% 14.75% 14.75% 14.75%
2017-05-21 07:35 PM Interest Rate Decision 16.75% 14.75% 14.75% 14.75%
2017-07-06 05:00 PM Interest Rate Decision 16.75% 16.75%
2017-09-28 05:00 PM Interest Rate Decision 16.75%
2017-11-16 05:00 PM Interest Rate Decision 16.75%




Egypt Money Last Previous Highest Lowest Unit
Interest Rate 16.75 14.75 21.40 8.25 percent [+]
Money Supply M0 539589.00 527750.00 539589.00 68043.00 EGP Million [+]
Money Supply M1 631016.00 634034.00 634034.00 33680.00 EGP Million [+]
Money Supply M2 2750837.00 2627312.00 2750837.00 161125.00 EGP Million [+]
Banks Balance Sheet 2846094.00 2198979.00 2846094.00 156312.00 EGP Million [+]
Foreign Exchange Reserves 28641.00 28545.00 36038.00 13448.00 USD Million [+]
Loans to Private Sector 723367.00 677723.00 723984.00 221295.00 EGP Million [+]
Deposit Interest Rate 6.90 6.92 12.00 6.02 percent [+]
Interbank Rate 9.30 9.30 13.61 6.95 percent [+]
Lending Rate 15.75 15.75 17.75 9.25 percent [+]
Central Bank Balance Sheet 4115366.00 3962636.00 4115366.00 1198240.00 EGP Million [+]


Egypt Interest Rate Notes

In Egypt, interest rate decisions are taken by the Central Bank of Egypt (CBE). The Central Bank of Egypt official interest rate is the overnight deposit rate. The CBE is committed to achieving, over the medium term, low rates of inflation which it believes are essential for maintaining confidence and for sustaining high rates of investment and economic growth. This page provides - Egypt Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
16.75 14.75 21.40 8.25 1991 - 2017 percent Daily



interest rate by Country

Last
Brazil 11.25 Apr/17
Russia 9.25 Apr/17
Turkey 8.00 Apr/17
Mexico 6.75 May/17
India 6.25 Apr/17
Indonesia 4.75 May/17
China 4.35 Apr/17
Australia 1.50 May/17
South Korea 1.25 May/17
United States 1.00 May/17
Canada 0.50 May/17
United Kingdom 0.25 May/17
Euro Area 0.00 May/17
France 0.00 May/17
Germany 0.00 May/17
Italy 0.00 May/17
Netherlands 0.00 May/17
Spain 0.00 May/17
Japan -0.10 Apr/17
Switzerland -0.75 May/17