The Central Bank of Egypt’s Monetary Policy Committee is expected to leave key interest rates unchanged at its meeting on Thursday.
The Monetary Policy Committee of the Central Bank of Egypt is set to hold its third regular meeting of the year on Thursday to decide on key interest rates. The meeting follows two consecutive reductions earlier this year.
Market expectations and expert assessments strongly favor keeping rates unchanged. At its previous meeting on 2 April, the committee maintained the overnight deposit rate at 19%, the overnight lending rate at 20%, and the main operation rate at 19.5%.
Annual core inflation slowed to 13.8% in April from 14%, while annual urban headline inflation eased to 14.9% from 15.2%. Analysts cite this moderation, along with elevated real interest rates, as reasons for a cautious hold amid ongoing geopolitical pressures.
