Egypt’s central bank cut its overnight interest rates by 100 basis points on Thursday. The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) cut the overnight deposit rate from 21 per cent to 20 per cent and the lending rate from 22 per cent to 21 per cent. The MPC said the cut was made because of easing inflationary pressures and an improved outlook. The rate of the main operation was cut to 20.5 per cent. The discount rate was also cut by one per cent (or 100 basis points) to 20.50 per cent, the CBE said in a statement following the meeting. Monetary policy shift reflects stable inflation In its statement, the CBE said “economic growth has remained relatively resilient at the global level, though the outlook continues to be clouded by trade uncertainty, persistent geopolitical tensions, and slowing demand. Inflation trends have been broadly stable, with central banks in advanced and emerging markets alike adopting a cautious approach to gradual monetary easing”. Domestically, the CBE fourth quarter of 2025 forecast points to a slight moderation in economic growth, with real GDP growth expected to hover around 5.0 per cent, compared to 5.3 per cent in […]