The Central Bank of Egypt (CBE) is expected to start cutting interest rates during its next meeting in April, due to the 12.8% drop in inflation registered in February.

Prime Minister Mostafa Madbouly announced that the government aims to reduce inflation to 10% by 2026, following a decline to 12.5% in February, the lowest rate in three years.

Egypt’s annual core consumer price index (CPI) inflation hit 10% in February 2025, compared to 22.6% in January, the Central Bank of Egypt (CBE) data showed.

Egyptian banks have started lifting restrictions on opening new accounts, especially financial inclusion accounts, starting Sunday, March 9th.

Egypt’s net foreign reserves amounted to $47.393 billion at the end of February 2025

Egypt’s net foreign assets (NFAs) hit EGP 437.261 billion in January 2025, higher than EGP 265.898 billion in December 2024, the Central Bank of Egypt (CBE) data showed.

Remittances from Egyptians abroad increased by 51.3% year on year (YoY) in 2024, reaching approximately $29.6 billion compared to about $19.5 billion in 2023.

The Central Bank of Egypt (CBE) announced working hours for the banking sector during Ramadan.

Financial inclusion in Egypt grew further in 2024, with 74.8% of eligible citizens aged 15 and above owning and actively using transaction accounts.

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to maintain key interest rates, according to a press release by the central bank.

The Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt (CBE), has launched of a new mobile application that improves the e-learning experience.

Fawry for Banking Technology and Electronic Payment wiill launch the money transfer service soon via ‘myfawry’ app after obtaining the approval of the Central Bank of Egypt (CBE).

Egypt’s foreign debt edged up 1.5% quarter-on-quarter (QoQ) to $155.204 billion during the first quarter (Q1) of the current fiscal year (FY) 2024/2025, compared to $152.885 billion at the end of FY2023/2024.

Egypt’s annual core consumer price index (CPI) inflation recorded 22.6% in Janauary 2025, compared to 23.2% in December 2024.

Foreign currency deposits in Egypt's banks, excluding the Central Bank of Egypt (CBE), increased by 15.2% in 2024, reaching $58.17 billion by the end of December, according to the Central Bank.

Egypt’s net foreign assets (NFAs) hit a surplus of EGP 265.898 billion in December 2024, versus a deficit of EGP 841.391 billion in the same month in 2023.

Egypt's net international reserves (NIR) reached $47.265 billion at the end of January, according to data from the Central Bank of Egypt (CBE).

The Central Bank of Egypt (CBE) has approved new amendments to the income brackets and interest rates for mortgage financing, following discussions in Cabinet sessions No. 263 on November 8th, 2023, and No. 15 on October 16th, 2024.