The Central Bank of Egypt is holding its third monetary policy meeting of the year today.

The Monetary Policy Committee of the Central Bank of Egypt will meet today, Thursday. Its third meeting From this year, to decide the fate of the interest rate, after the Central Bank of Egypt kept interest rates unchanged at its last meeting held last April.

At the first meeting held in February 2026, it was decided Monetary Policy Committee The Central Bank of Egypt reduced its key interest rates by 100 basis points. Accordingly, the overnight deposit and lending rates and the Central Bank’s main operation rate were reduced to 19.0%, 20.0% and 19.5%, respectively; the credit and discount rate was also reduced to 19.5%.

At the same meeting, the Central Bank's Board of Directors decided to reduce the reserve requirement ratio that banks are obligated to maintain with the Central Bank of Egypt from 18% to 16%. These decisions reflect the committee's assessment of the latest inflation developments and expectations since its previous meeting.

Lower inflation in Egypt makes the central bank's job easier.

It is worth noting that the annual inflation rate in Egyptian cities declined slightly and contrary to expectations to 14.9% during last April, compared to 15.2% in March, according to data from the Central Agency for Public Mobilization and Statistics.

Goldman Sachs expects a rate hike

Goldman Sachs, one of the world's leading American banks, predicted that the Central Bank of Egypt would raise its interest rate on deposits and loans by 1% on Thursday, in order to counter potential inflationary pressures.