Central Bank of Egypt to Decide on Interest Rates Tomorrow Amid Growing Expectations of a Hold
The Monetary Policy Committee of the Central Bank of Egypt (CBE) is scheduled to hold its fourth meeting of 2025 on Thursday, July 10, to decide the fate of the country's interest rates on deposits and lending.
Investment banks have unanimously predicted that the CBE will keep interest rates unchanged during this upcoming meeting, driven by the impact of ongoing geopolitical tensions and the anticipated increases in fuel and electricity prices — factors likely to place further upward pressure on inflation.
Forecasts from the Research Department at HC Securities & Investment also indicated that the Central Bank of Egypt is expected to maintain current interest rates in tomorrow’s meeting.
During the meeting, the MPC is set to review recent economic indicators, particularly inflation and GDP growth rates, developments in global markets, and domestic financial and monetary conditions — all aimed at reaching decisions that support financial stability and enhance economic growth.
In its previous meeting on May 22, 2025, the MPC decided to cut key interest rates by 100 basis points. The overnight deposit rate was reduced to 24.00%, the overnight lending rate to 25.00%, and the main operation rate to 24.50%. The credit and discount rate was also cut by the same margin to reach 24.50%.
