The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to reduce the overnight deposit rate, overnight lending rate, and the main operation rate by 100 basis points, bringing them to 20.00%, 21.00%, and 20.50%, respectively. Additionally, the discount rate has been lowered to 20.50.

This decision is based on the Committee’s updated evaluation of inflation trends and its revised outlook since the last MPC meeting.

This decision follows a series of rate cuts by CBE throughout the year, amounting to a total reduction of 725 basis points.

These cuts were implemented in five consecutive adjustments, starting in April (2.25%), followed by May (1%), August (2%), October (1%), and finally December (1%).

 These actions are part of a monetary policy aimed at supporting financial stability and economic growth, in response to positive inflation trends and the performance of the currency market.