Egyptian Interest Rate Cut – Currency Thoughts
Egyptian Interest Rate Cut
October 2, 2025
The Central Bank of Egypt‘s overnight deposit rate underwent its fourth cut since April. Analysts were anticipating a reduction of 100 basis points or perhaps as much as the April and August cuts of 200 bps. Monetary officials went with 100 basis points. The six percentage point cumulative drop so far to 21.0% has been more or less aligned with the deceleration of CPI inflation from 16.8% in May to 12.0% by August. Egyptian inflation crested at 38% in September 2023 and was at or above 24% for two straight years from January 2o23 through January 2025. Against that history, Egyptian inflation has receded much more sharply than the drop of the central bank interest rate from the 27% peak to 21% currently.
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Central Bank of Egypt
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