· Event impact
CBE Expected to Hold Rates Ahead of Thursday Meeting
Transmission path
Market expectations for unchanged rates from the CBE could lead to stability in Egyptian bond yields and the EGP, as investors price in a continuation of current monetary policy.
Market mechanism
Market expectations for unchanged rates from the CBE could lead to stability in Egyptian bond yields and the EGP, as investors price in a continuation of current monetary policy.
Extended read
The Central Bank of Egypt's Monetary Policy Committee is set to convene on Thursday, with market consensus strongly pointing towards a decision to keep policy rates unchanged. Current rates have been stable since April 2, 2026, with the overnight deposit rate at 19.0% and the lending rate at 20.0%. Recent inflation data shows a moderation, with core inflation at 1.1% monthly and 13.8% annually in April. The CBE's own inflation forecasts for 2026 and 2027 are 16% and 12% respectively, with a medium-term target of 7% ± 2 percentage points by Q4 2026. A Reuters poll indicates that 15 out of 16 economists expect a rate hold.
Exposed assets
EGP · EGX30
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