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Egypt's Central Bank Cuts Policy Rates by 200bps

BY MT Newswires | ECONOMIC | 08/28/25 12:02 PM EDT

12:02 PM EDT, 08/28/2025 (MT Newswires) -- Egypt's central bank (CBE) on Thursday said its Monetary Policy Committee (MPC) decided to cut the overnight deposit rate, overnight lending rate, and the rate of the main operation by 200 basis points to 22.00%, 23.00% and 22.50%, respectively.

The MPC also decided to reduce the discount rate to 22.50%.

"This decision reflects the Committee's updated assessment of inflation dynamics and outlook since the previous MPC meeting," said the central bank in its policy meeting.

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