# Why Egypt is raising borrowing costs as its currency weakens

> 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.

- Date: 2026-11-10 · published 2026-11-10T00:24:11.451Z
- Category: macro · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/90602-why-egypt-is-raising-borrowing-costs-as-its-currency-weakens
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

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.

## Sources

- agbi.com: https://www.agbi.com/analysis/economy/2026/11/why-egypt-is-raising-borrowing-costs-as-its-currency-weakens/

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