Cairo, Egypt – The Monetary Policy Committee of the Central Bank of Egypt decided during its meeting today, Thursday, to maintain key interest rates.
This move reflects the continued prudent approach to managing monetary policy.
Fixing interest rates
Under the decision, the overnight deposit rate was fixed at 19.0%, and the overnight lending rate at 20.0%.
The main operation rate also remained unchanged at 19.5%.
This comes as part of efforts to maintain financial market stability and curb inflation.
The Central Bank of Egypt’s decision comes amid continued inflationary pressures in the local market.
The annual urban inflation rate rose to 13.4% in February, compared to 11.9% in January.
Monthly inflation reached 2.8%, impacted by rising fuel prices and increased import and shipping costs.
Overlapping economic effects
These indicators reflect the direct effects of exchange rate fluctuations and rising energy prices.
This has led to increased prices for goods and services, posing a challenge
for policymakers in balancing support for growth with controlling inflation.
The Central Bank announced the dates for the remaining meetings of the Monetary Policy Committee during 2026.
These meetings include sessions in July, August, September, October, and December.
They will be held to monitor economic developments and make appropriate decisions based on the latest information.
