Central Bank of Egypt cuts key rates by 100 basis points in October 2025

The Central Bank of Egypt’s Monetary Policy Committee cut its key rates by 100 basis points on 2 October 2025. The overnight deposit rate fell to 21.00%, the overnight lending rate to 22.00%, and the main operation and discount rates to 21.50%.

It was the committee’s fourth cut of 2025, bringing the year’s total easing to 625 basis points.

INFLATION EASES

Annual urban headline inflation slowed to 12.0% in August from 13.9% in July, and core inflation fell to 10.7% from 11.6%. Real GDP grew 5.0% in the second quarter of 2025. The committee said the cut was consistent with its disinflation path while keeping real interest rates positive.