Egypt has increased its interest rates by 2 percentage points, from 16.75% to an annual rate of 18.75%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency.
This change is the first to have taken place since on May22th 2017, when the Central Bank increased interest rates by 2 percentage points to 16.75%.
Here we show you the progression of interest rates in Egypt. You can see interest rates in other countries in interest rates and see all the economic information about Egypt in Egypt economy.