FX.co ★ Egypt Lifts Benchmark Interest Rate to 20% as Tightening Cycle Deepens

Egypt has raised its key interest rate from 19.00% to 20.00%, according to data updated on 29 October 2026, marking another step in its ongoing monetary tightening campaign.

The move underscores policymakers’ continued focus on curbing inflationary pressures and stabilizing financial conditions. By pushing borrowing costs higher, the central bank is signaling its determination to anchor price expectations and support the currency, even as tighter conditions weigh on credit demand and economic activity.

With the benchmark rate now at 20.00%, investors and businesses will be closely watching for signs of how long Egypt intends to maintain such elevated levels, and whether additional hikes could follow if inflation proves persistent or external financing conditions worsen.