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بوابة الشروق
Central Bank Reviews Interest Rates
The Monetary Policy Committee at the Central Bank of Egypt is meeting today to decide on interest rates, with expectations that they will remain unchanged from June levels—at 19% for deposits and 20% for loans—due to rising inflation that reached 14.9% in July. There are also forecasts of inflation increasing in August because of a 12% rise in electricity prices. The bank prefers to wait and assess the impact of this increase on inflation before making a decision to adjust interest rates. It is also hedging against geopolitical risks and energy prices that influence inflation. The International Monetary Fund projects that inflation will rise to 16.7% during the second half of 2026, with a possibility that the Central Bank will either maintain its current stance or move toward a rate cut in the near future to preserve a suitable real interest rate margin.
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