# Egypt: Banks to review savings, lending rates following CBE's 1% rate hike

> Egyptian banks began reviewing savings and loan rates after the central bank raised key rates by one percentage point. The overnight deposit rate is now 20%, and variable-rate products moved up by the same amount.

- Date: 2026-11-02 · published 2026-11-02T21:14:56.958Z
- Category: macro · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/76017-egypt-banks-to-review-savings-lending-rates-following-cbe-s-1-rate-hike
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Higher domestic rates raise borrowing costs for Egyptian feed producers and traders. They also support the pound by attracting carry investment, which can cushion import costs.

## Sources

- zawya.com: https://www.zawya.com/en/business/egypt-banks-to-review-savings-lending-rates-following-cbes-1-rate-hike-1858798

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.