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2025.08.2817:21:05UTC+00Egypt Lowers Rate to 22% as Expected

The Central Bank of Egypt reduced its overnight deposit rate by 200 basis points to 22% during its meeting in August 2025. This marks the third rate cut of the year, aligning with market expectations. The central bank highlighted that recent data indicated a cooling of inflation and a stabilization of the Egyptian pound compared to the more volatile periods witnessed since the onset of the pandemic. These developments have enabled a loosening of monetary policy to better complement the government's expansionary economic strategy. Recent figures reveal that inflation slowed to 13.9% in July, significantly lower than the peak of 38% recorded in September 2023.

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