The central bank of Egypt left its key overnight deposit rate unchanged at 8.25 percent on December 24th 2020, in line with expectations. The overnight lending rate was also left at 9.25 percent, and the discount rate at 8.75 percent. Policymakers lowered its inflation target for 2022 to 7 percent (±2 percentage points) from 9 percent (±3 percentage points). Egypt’s GDP growth is expected to recover albeit gradually, with structural measures expected to support economic activity. source: Central Bank of Egypt
Interest Rate in Egypt averaged 11.86 percent from 1991 until 2020, reaching an all time high of 21.40 percent in October of 1991 and a record low of 8.25 percent in September of 2009. This page provides - Egypt Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Egypt Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Interest Rate in Egypt is expected to be 8.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Egypt to stand at 7.25 in 12 months time. In the long-term, the Egypt Interest Rate is projected to trend around 7.25 percent in 2021 and 6.75 percent in 2022, according to our econometric models.