The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to leave key interest rates unchanged, citing its assessment of current inflation trends and the evolving economic outlook since its previous meeting.

 

The CBE kept the overnight deposit rate at 19%, the overnight lending rate at 20%, and the main operation rate at 19.50%.

 

The discount rate was also maintained at 19.50%.

 

The central bank said the decision reflects the MPC’s evaluation of prevailing inflation dynamics and developments affecting the economic outlook since the committee’s last meeting.

 

Earlier Thursday, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported that Egypt’s annual inflation rate fell to 12.2% in June 2026, down from 13% in May, while consumer prices declined by 0.9% on a monthly basis, driven by lower prices for several key food items.

 

CAPMAS said the general consumer price index for the whole republic reached 289.5 points in June, recording a monthly decline of 0.9% compared to May.