North Africa: Egypt’s Central Bank Cuts Interest Rates By 2 Percent

The Central Bank of Egypt (CBE) announced a 200 basis point cut in interest rates during its Monetary Policy Committee meeting on Thursday 28/8/2025.

The overnight deposit rate was reduced to 22%, the lending rate to 23%, and the main operation rate to 22.5%. The discount rate was also lowered to 22.5%.

The CBE attributed the decision to easing global and domestic inflation, improving growth outlook, and reduced external and fiscal risks.

Domestically, real GDP growth is expected to reach 4.5% in…