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Experts analyze the 19% deposit rate impact
The Monetary Policy Committee of the Central Bank of Egypt has decided to keep the key interest rates unchanged at 19% for deposits and 20% for lending, amid ongoing inflationary pressures and global economic developments such as rising energy prices and exchange rate fluctuations. The decision aims to give the central bank room to monitor developments in inflation, the exchange rate, and foreign inflows before making any new moves, while supporting financial market stability and reducing funding costs. Experts have explained that the increase in foreign reserves to $57.2 billion provides a buffer to face external challenges, and that maintaining stable interest rates helps preserve asset attractiveness and price stability, even though it may lead to higher borrowing costs and debt service expenses in the short term.
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