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Egypt Central Bank Raises Key Rates

The increase is the bank’s first rate hike since March 2024.

SquawkNews Desk 1 updates Updated Nov 02, 2026, 04:18 AM UTC

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04:18:29 AM UTC
SquawkNews
By Staff WriterThe Central Bank of Egypt (CBE) raised key rates by 100 bps on Thursday, ending an easing cycle that cut 825 bps from April 2025. The CBE cited monthly inflation.The overnight deposit rate rose to 20.0%, the lending rate to 21.0%, and the main operation and discount rates to 20.5%.He…

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