Cairo, Oct 29, 2026 (AFP) - Egypt hikes interest rates for first time since 2024

NAMPA / AFP
2026-10-29
Egypt's central bank said on Thursday it was hiking interest rates for the first time since 2024, as the country faces mounting economic pressure and inflation driven by the Middle East war. "The Central Bank of Egypt (CBE) decided to raise the key policy rates by 100" basis points, it said in a statement. "The overnight deposit rate, overnight lending rate and the rate of the main operation were raised to 20.0 percent, 21.0 percent and 20.5 perc......
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