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Egypt’s central bank raised its overnight deposit rate by one percentage point to 20% on October 29, citing potential inflationary pressures. The move aims to support the weakening pound and retain foreign investment in short-term government debt as the Iran war contributes to global inflation and higher yields.
Higher rates and currency pressure raise financing costs but are aimed at limiting inflation and supporting capital inflows; the article identifies no direct feed-commodity supply or demand impact.
agbi.comNov 10, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
