CBE to decide on interest rate on September 21

The Monetary Policy Committee of the Central Bank of Egypt is scheduled to hold its sixth meeting for 2023 on September 21 to discuss Egypt’s interest rate.

The CBE aims to bring inflation down to a level compatible with price stability, and reduce fluctuations in real economic activity beyond its full production capacity.

Through decisions related to the interest rate, the Central Bank aims to reduce the inflation rate to the current target of 7.0 percent (± two percentage points) on average during the fourth quarter of 2024.