Key data points
Last release
—
Observation period
May 22, 2025
Next release
—
Forecast
—
Highest
27.25 % on Feb 20, 2025
Lowest
8.25 % on Feb 3, 2022
About Egypt interest rate
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.
Related indicators
Frequently Asked Questions
Egypt interest rate is 24% at the moment.
Last month Egypt interest rate was 24%, and the month before it reached 25%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.