Home / news / CBE cuts interest rates by 1%

CBE cuts interest rates by 1%

Businessmen Team news 12 February 2026 06:17 PM
Share Article:
CBE cuts interest rates by 1%

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to cut interest rates by 100 basis points, equivalent to 1 percent.

The decision was announced in a statement issued by the committee on Thursday evening, after most forecasts had pointed to a rate cut, while others had expected rates to remain unchanged.

This was the committee’s first meeting since the formation of the new cabinet.