The Central Bank of Egypt (CBE) monetary policy committee on Thursday 30/3/2023 decided to raise key interest rates by 200 basis points.

The CBE set the overnight deposit rate, the overnight lending rate and the rate of the main operation at 18.25%, 19.25% and 18.75% respectively.

The discount rate was also raised by 200 basis points to 18.75%.

Source: State Information Service Egypt