The Central Bank of Egypt’s Monetary Policy Committee cut its key rates by 100 basis points on 25 December 2025. The overnight deposit rate fell to 20.00%, the overnight lending rate to 21.00%, and the main operation and discount rates to 20.50%.
The committee had kept rates unchanged at its previous meeting on 20 November, when it said inflation risks called for a prudent pace of easing.
INFLATION DATA
Annual urban headline inflation was 12.3% in November and core inflation 12.5%. Food inflation slowed to 0.7%, its lowest in more than four years. The central bank’s target is inflation of 7% (±2 percentage points) on average in the fourth quarter of 2026.