Central Bank of Egypt holds policy rates unchanged for fifth straight meeting

Published 2026-09-25 · Updated 2026-10-26

What happened

The Monetary Policy Committee of the Central Bank of Egypt left benchmark interest rates unchanged at its 24 September 2026 meeting, marking the fifth consecutive hold.

Why it matters

A central bank hold keeps the current balance between inflation control and financing conditions in place. It also provides an immediate signal to banks and investors on the policy stance while they reprice government debt, deposits, credit, and foreign-exchange exposure.

On 24 September 2026, the Monetary Policy Committee of the Central Bank of Egypt kept its key policy rates unchanged for a fifth consecutive meeting. The move extends the current anti-inflation stance while preserving existing borrowing costs for the state, banks, firms, and households. The near-term policy question now shifts from the meeting outcome itself to how markets, deposit pricing, treasury auctions, and the exchange rate behave over the next several sessions.

Watch for

Central Bank of Egypt publication of the MPC statement text and inflation guidance on 2026-09-25 Egyptian Ministry of Finance T-bill auction yield results on 2026-09-28 versus the prior auction stop-out rates National Bank of Egypt or Banque Misr deposit certificate pricing changes by 2026-09-28 USD/EGP trading bands published by Egyptian banks on 2026-09-25 through 2026-09-28

Sources

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