Interest rates in Egypt today
Overnight deposit rate
19.00%
Effective since 15 February 2026 · Last decision: Hold on 24 September 2026
Next MPC meeting: 29 October 2026 (in 32 days)
The Central Bank of Egypt's overnight deposit rate is 19.00%, the lending rate 20.00% and the main operation rate 19.50%, effective since 15 February 2026. The Monetary Policy Committee's last decision was Hold — 24 September 2026. The CBE has cut by 825 basis points since April 2025.
- Overnight lending rate
- 20.00%
- Main operation rate
- 19.50%
- Credit & discount rate
- 19.50%
- Overnight interbank average (CONIA)
- 19.307%
- Latest figure on the CBE website — read on 27 September 2026
Real interest rate
+4.50
percentage points
Headline inflation (annual)
14.5%
Core inflation: 14.9%
Deposit rate 19.00% minus annual headline inflation 14.5% = real rate 4.50. A positive real rate means saving in pounds beats inflation.Latest figure on the CBE website — read on 27 September 2026
Monetary Policy Committee decisions
| Date | Decision | Deposit | Lending | Main operation |
|---|---|---|---|---|
| 24/09/2026 | Hold | 19.00% | 20.00% | 19.50% |
| 20/08/2026 | Hold | 19.00% | 20.00% | 19.50% |
| 09/07/2026 | Hold | 19.00% | 20.00% | 19.50% |
| 21/05/2026 | Hold | 19.00% | 20.00% | 19.50% |
| 02/04/2026 | Hold | 19.00% | 20.00% | 19.50% |
| 12/02/2026 | Cut 100 bp | 19.00% | 20.00% | 19.50% |
| 25/12/2025 | Cut 100 bp | 20.00% | 21.00% | 20.50% |
| 20/11/2025 | Hold | 21.00% | 22.00% | 21.50% |
| 02/10/2025 | Cut 100 bp | 21.00% | 22.00% | 21.50% |
| 28/08/2025 | Cut 200 bp | 22.00% | 23.00% | 22.50% |
| 10/07/2025 | Hold | 24.00% | 25.00% | 24.50% |
| 22/05/2025 | Cut 100 bp | 24.00% | 25.00% | 24.50% |
| 17/04/2025 | Cut 225 bp | 25.00% | 26.00% | 25.50% |
| 20/02/2025 | Hold | 27.25% | 28.25% | 27.75% |
What the rate means for your savings
- Bank certificates follow CBE decisions: after a cut banks issue new certificates at lower rates, while existing fixed certificates keep their rate to maturity (variable ones move).
- Money-market funds feel rate changes quickly because they hold treasury bills and short deposits.
- Gold and dollars pay no interest; comparing them with certificates depends on the real rate and the pound.
Frequently asked questions
- What is the Central Bank of Egypt interest rate now?
- The overnight deposit rate is 19.00% and the lending rate 20.00%, effective since 15 February 2026.
- When is the next CBE meeting?
- The next Monetary Policy Committee meeting on the CBE's published schedule is on 29 October 2026.
- How much has the CBE cut since 2025?
- The CBE has cut the deposit rate by 825 basis points since April 2025, from 27.25% to 19.00%.
- What is the real interest rate in Egypt?
- The real rate (deposit rate minus headline inflation) is 4.50 percentage points on the latest figures the CBE publishes.
- Do certificate rates change after a rate decision?
- Banks usually reprice NEW certificates after a cut or hike. Existing fixed-rate certificates keep their rate; variable ones move with the decision.
How it is calculated
- 01Official rates and their effective date are read automatically from the CBE's Monetary Policy Committee page.
- 02Inflation and CONIA come from the key-statistics panel on the same website, dated when read.
- 03The decision log is transcribed from CBE press releases; each new decision that changes rates is added automatically.