# Egypt raises rates for first time in nearly three years despite easing inflation

> The Central Bank of Egypt raised its overnight deposit rate by 100 basis points to 20% and its lending rate to 21%, the first increase since March 2024. The bank cited the need to anchor inflation expectations amid external uncertainty, even as annual urban inflation eased to 13.9% in September; the pound had weakened to a record 56 per dollar in October.

- Date: 2026-11-06 · published 2026-11-06T12:12:36.435Z
- Category: macro · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/83870-egypt-raises-rates-for-first-time-in-nearly-three-years-despite-easing-inflation
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Higher rates may support the pound and curb inflation, potentially restraining local-currency costs of imported feed inputs, though the article does not report commodity-market impacts.

## Read by commodity

- USDEGP: neutral

## Sources

- businessday.ng: https://businessday.ng/africa/article/egypt-raises-rates-for-first-time-in-nearly-three-years-despite-easing-inflation/

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