Egypt Makes First Rate Cut Since 2020 With Inflation Tamed

Egypt cut interest rates for the first time in almost five years, potentially spurring investment key to an economic rebound while easing some of the Middle East’s highest debt-servicing costs.

The central bank reduced the benchmark deposit rate by 225 basis points to 25%, the Monetary Policy Committee said Thursday in a statement. The lending rate was lowered by the same amount to 26%.

Five of eight economists surveyed by Bloomberg had predicted the long-awaited bout of monetary easing. Expectations, though, varied between 75 and 225 basis points of cuts, reflecting the global unpredictability wrought by US President Donald Trump ...