Skip to main content

Egypt raises bank rates again

The Central Bank cited rising inflation and price increases due to the war in Ukraine for the move.
Chris McGrath/Getty Images

Egypt raised various interest rates again today. 

The Central Bank of Egypt raised its overnight deposit rate, overnight lending rate and rate of the main operation 2% each to 11.25%, 12.25% and 11.75%, respectively, according to a statement

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.