Egypt interest rates face inflation pressures

The Central Bank of Egypt expects no change in interest rates at its upcoming meeting, despite the inflation rate rising to 14.9% in Egyptian cities during July 2026 after several months of decline. The bank's aim is to monitor whether this increase is temporary or not. Analysts believe that the bank will maintain its cautious stance and keep interest rates steady at their current levels—20% for lending and 19% for deposits—in order to preserve inflation stability, especially amid ongoing inflationary pressures driven by geopolitical tensions and oil price fluctuations. It is anticipated that the inflation rate will reach approximately 13% by the end of 2026, with a possibility of remaining high in August before gradually declining in the last quarter of the year.

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