FX.co ★ Egypt’s Central Bank Eases Overnight Lending Rate to 20% in First Cut from Recent Peak

Egypt has reduced its overnight lending rate from 21.00% to 20.00%, according to data updated on 12 February 2026. The move marks a 1 percentage point cut from the previous level.

The adjustment signals a shift in the country’s short-term interest rate environment after the benchmark had reached 21.00%, suggesting that monetary authorities now see room to ease borrowing costs. The lower overnight lending rate is expected to affect the cost of credit across the banking system and may influence corporate financing conditions and consumer loans.

Investors and market participants will be watching closely to see how this rate cut feeds through to broader financial conditions and whether it marks the beginning of a more sustained monetary easing cycle in Egypt.