# Egypt: Rate Hike to 20% Reflects Rising Inflation Risks and Pound Pressure – MUFG

> Egypt's central bank unexpectedly raised its main deposit rate to 20% at its October policy meeting, the first increase since 2024. The central bank cited heightened risks and uncertainty, and the pound came under sharp pressure during October.

- Date: 2026-11-03 · published 2026-11-04T00:15:46.414Z
- Category: macro · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/78652-egypt-rate-hike-to-20-reflects-rising-inflation-risks-and-pound-pressure-mufg
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

A higher Egyptian rate and a weaker pound raise the cost of imported feed ingredients priced in dollars, since Egypt is a large importer of grains and meal. Currency weakness tends to lift local feed costs even if global benchmark prices are unchanged.

## Read by commodity

- USDEGP: bullish ▲

## Sources

- ar.fxstreet.com: https://ar.fxstreet.com/news/msr-rf-lfyd-l-20-yks-tnmy-mkhtr-ltdkhm-wdgwt-ljnyh-mufg-202611031534

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