Cairo, April 17, 2025 (AFP) - Egypt central bank lowers interest rate for first time since 2020

NAMPA / AFP

2025-04-18

Egypt's central bank on Thursday announced that it was lowering interest rates for the first time since 2020, days after the government announced a reduction in fuel subsidies. The Central Bank of Egypt cut interest rates by 225 basis points, its monetary policy division said in a statement. Its overnight deposit rate, overnight lending rate, and the rate of the main operation now stood at 25 percent, 26 percent and 25.5 percent, respectively. Th......

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