Egypt Interest Rate 1991-2014 | Data | Chart | Calendar | Forecast | News

The benchmark interest rate in Egypt was last recorded at 9.25 percent. Interest Rate in Egypt averaged 11.51 Percent from 1991 until 2014, 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. Interest Rate in Egypt is reported by the Central Bank of Egypt.

   
  Forecast  
 Export Data  API  Dashboard

Egypt Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
9.25 9.25 21.40 8.25 1991 - 2014 percent Daily
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. Content for - Egypt Interest Rate - was last refreshed on Friday, November 28, 2014.


Egypt Leaves Monetary Policy Unchanged


The Central Bank of Egypt decided to keep its benchmark overnight deposit rate unchanged at 9.25 percent on November 27th. The overnight lending rate was also left on hold at 10.25 percent.

The discount rate and the rate of the CBE's main operations were kept unchanged at 9.75 percent each.

The last time the central bank moved the benchmark overnight rate was in July of 2014. At that time, the bank raised the rate by 100 bps, aiming to curb inflationary pressures resulted from cut in subsidies on fuel and electricity.

The inflation rate has been on an upward trend since July of 2014, reaching 11.8 percent in October, the highest in eleven months.

Central Bank of Egypt | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/27/2014 4:01:38 PM


Recent Releases

Egypt Leaves Rates on Hold
At its October 16th, 2014 meeting, the Central Bank of Egypt decided to hold its benchmark overnight deposit rate unchanged at 9.25 percent, saying that the current policy stance is appropriate to anchor inflation expectations and limit a generalized price increase. The overnight lending rate was also left on hold at 10.25 percent. Published on 2014-10-16

Egypt Leaves Monetary Policy Unchanged
At its September 1st, 2014 meeting, Egypt's Central Bank decided to hold the overnight deposit rate steady at 9.25 percent, as policymakers consider the current policy stance to be appropriate to anchor inflation expectations. Last meeting, the central bank rose key rates by 100 bps. Published on 2014-09-01


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-01 03:50 PM
Interest Rate Decision 
9.25% 9.25% 9.25% 9.25%
2014-10-16 04:20 PM
Interest Rate Decision 
9.25% 9.25% 9.25% 9.25%
2014-11-27 03:00 PM
Interest Rate Decision 
9.25% 9.25% 9.25% 9.25%
2015-01-15 03:00 PM
Interest Rate Decision 
9.25%
2015-02-26 03:00 PM
Interest Rate Decision 
2015-04-23 03:00 PM
Interest Rate Decision 


Egypt Money Last Previous Highest Lowest Unit
Interest Rate 9.25 9.25 21.40 8.25 percent [+]
Money Supply M0 368634.00 374616.00 374616.00 68043.00 EGP Million [+]
Money Supply M1 428170.00 425822.00 428170.00 33680.00 EGP Million [+]
Money Supply M2 1543668.00 1557379.00 1557379.00 161125.00 EGP Million [+]
Foreign Exchange Reserves 16932.00 16895.00 36038.00 13448.00 USD Million [+]
Loans to Private Sector 155367.00 148366.00 155367.00 37957.00 EGP Million [+]
Banks Balance Sheet 1563849.10 1366159.61 1563849.10 156312.00 EGP Million [+]
Central Bank Balance Sheet 1890852.00 1853617.00 1890852.00 1198240.00 EGP Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.50 17.50 2.50 percent [+]
Brazil 11.25 Oct/14 11.00 45.00 7.25 percent [+]
Canada 1.00 Oct/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Nov/14 0.05 4.75 0.05 percent [+]
France 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Nov/14 0.05 4.75 0.05 percent [+]
India 8.00 Oct/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Nov/14 7.50 12.75 5.75 percent [+]
Italy 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Nov/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Oct/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Russia 9.50 Oct/14 8.00 10.50 5.00 percent [+]
South Korea 2.00 Nov/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Nov/14 0.05 4.75 0.05 percent [+]
Switzerland 0.00 Oct/14 0.00 3.50 0.00 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Nov/14 0.50 17.00 0.50 percent [+]
United States 0.25 Oct/14 0.25 20.00 0.25 percent [+]