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Central Bank Holds Rates Steady and Damaty Calls It Balanced
The Central Bank of Egypt decided to keep its benchmark interest rates unchanged, with the deposit rate remaining at 19% and the lending rate at 20%. The main operation rate stayed steady at 19.5%, and the discount rate remained at 19.5%. This decision comes amid an assessment of the economic situation, where inflation rates have increased but in a limited manner, amid ongoing global geopolitical tensions. Additionally, remittances from Egyptians abroad recorded record inflows during the fiscal year 2025-2026, reaching $47.3 billion—a 29.6% increase compared to the previous year. There has been a gradual rise in remittance flows in recent months, reflecting renewed confidence in the Egyptian economy and improved stability in the foreign exchange market.
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