Monetary Policy Committee Meetings Schedule at the Central Bank of Egypt – 6 Decisions Remaining in 2025

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has held two meetings so far in 2025. In its first meeting held on February 20, 2025, the committee decided to keep interest rates unchanged, maintaining the overnight deposit rate, overnight lending rate, and the rate of the main operation at 27.25%, 28.25%, and 27.75%, respectively. The discount rate was also kept unchanged at 27.75%.

In the second meeting, held on April 17, 2025, the MPC decided to cut the overnight deposit and lending rates, as well as the main operation rate by 225 basis points to 25.00%, 26.00%, and 25.50%, respectively.

The committee still has six more meetings scheduled for the remainder of 2025, with dates as follows:

     Third Meeting: May 22, 2025      Fourth Meeting: July 10, 2025     Fifth Meeting: August 28, 2025   Sixth Meeting: October 2, 2025    Seventh Meeting: November 20, 2025    Eighth Meeting: December 25, 2025

During these meetings, the MPC is expected to review the overall economic situation, both locally and globally, assess monetary and financial developments, and analyze economic indicators in order to make appropriate decisions to ensure financial stability and support economic growth in Egypt.

The committee will continue to evaluate the impact of the restrictive monetary policy measures previously implemented and their effects on the economy, based on incoming data in the coming period. It also emphasized that the future path of key interest rates will depend primarily on expected inflation rates, rather than current inflation levels.

Moreover, the MPC reiterated its commitment to closely monitor economic developments and assess risks surrounding inflation forecasts. It will not hesitate to use all available monetary policy tools to maintain tight monetary conditions and reduce monthly inflation rates, steering the trajectory of annual inflation rates toward the CBE’s announced targets to achieve price stability in the medium term.