Egypt's Central Bank will announce its decision on interest rates for deposits and loans on Thursday, September 24, 2026. The bank's Monetary Policy Committee, led by Hassan Abdullah, will hold its sixth meeting of the year to discuss the country's economic situation. Experts and research companies expect the committee to keep interest rates unchanged due to current inflation rates and geopolitical events.
In the previous meeting on August 20, 2026, the Monetary Policy Committee decided to maintain the basic interest rates without change. As a result, the overnight deposit and lending rates, as well as the main operating rate of the Central Bank, were kept at 19.00%, 20.00%, and 19.50%, respectively. The credit and discount rates were also maintained at 19.50%. This decision reflected the committee's assessment of the latest inflation developments and expectations.
The decision to keep interest rates unchanged was made for the fourth consecutive time in 2026. The rates have been stable since the meetings on April 2, May 21, July 9, and August 20. The Central Bank's Monetary Policy Committee has three more meetings scheduled for the remainder of 2026, with meetings held every six weeks on Thursdays.
The overnight deposit and lending rates, as well as the main operating rate of the Central Bank, have decreased by 8.25% over the past 12 meetings. This significant reduction aims to support the country's economic growth and stability. The committee's decisions are closely watched by economists, businesses, and individuals, as they impact borrowing costs and savings.
Egypt's inflation rates have been a concern for the Central Bank and the government. The bank's goal is to keep inflation within a target range, while also promoting economic growth. The current interest rates have been in place since the last adjustment, and experts expect them to remain unchanged.
The Central Bank's Monetary Policy Committee consists of several members, including the governor, deputy governors, and external experts. They meet regularly to assess the country's economic situation and make decisions on interest rates and other monetary policy tools. The committee's decisions are based on careful analysis of economic data and forecasts.
The announcement of the interest rate decision will be made on Thursday, September 24, 2026, and will be widely reported in the media. Economists and financial analysts will closely watch the decision and its implications for the country's economy. The Central Bank's goal is to maintain economic stability and promote sustainable growth.
Key points
- The Central Bank of Egypt's Monetary Policy Committee is expected to keep interest rates unchanged at its meeting on Thursday, September 24, 2026.
