CBE Raises Key Interest Rates by 2%

The Central Bank of Egypt (CBE) announces on May 19th raising key interest rates by 2%, or 200 basis points, as the government attempts to deal with the negative economic repercussions of the Russian-Ukrainian war ...

CBE Cuts Interest Rates by 3%

The Central Bank of Egypt (CBE) said its Monetary Policy Committee (MPC) decided in an unscheduled meeting on March 16 to cut interest rates by 300 basis points.

Gov’t Scraps Monthly Customs Exchange Rate System

The Finance Ministry decided to revert to setting the monthly customs exchange rate on a daily basis according to FX rates announced by the Central Bank of Egypt (CBE)

CBE Cuts Interest Rates for 1st Time in 6M

The Central Bank of Egypt (CBE) announced that the Monetary Policy Committee (MPC) has decided to cut interest rates by 150 basis points, marking the first cut in six months or since February

CBE Keeps Overnight Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 16.75 %, 17.75 %, and 17.25 %, respectively

CBE Keeps Key Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to fix key interest rates at its Monetary Policy Committee's (MPC) meeting on June 28

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