Egypt’s central bank kept its key interest rates unchanged on Thursday, maintaining its tight monetary stance as inflation risks linger across the economy. The Monetary Policy Committee held the overnight deposit rate at 21 percent, the lending rate at 22 percent, and the main operation rate at 21.5 percent. The decision aligns with earlier expectations reported by Reuters, which noted that analysts had anticipated caution given ongoing economic pressures.
Local financial outlets also confirmed the move. Ahram Online reported that the central bank opted to keep rates steady to assess the impact of previous hikes on domestic inflation trends. The platform added that policymakers highlighted the importance of anchoring inflation expectations even as monthly disinflation provided some relief.
Egypt’s State Information Service similarly stated that the Monetary Policy Committee reiterated its commitment to restoring price stability while warning that inflation pressures “remain persistent” amid structural and global uncertainties. Business Today Egypt also noted that the central bank chose stability as it evaluates evolving inflation dynamics in the short term.
The decision comes as Egypt’s economy continues to heat up, with rising domestic demand and an ongoing effort to curb price volatility across key sectors.
