Egyptian Pound Strengthens Slightly as Markets Await Central Bank Rate Decision

Thursday 10 July 2025 11:26

The US dollar recorded a slight decline against the Egyptian pound on Thursday, as anticipation builds around the Central Bank of Egypt’s (CBE) upcoming decision on interest rates. The movement comes amid cautious optimism in the market, following signs of easing inflation in the local economy.

The CBE’s Monetary Policy Committee (MPC) is scheduled to hold its fourth meeting of 2025 later today to determine the benchmark interest rates for overnight deposits and lending. The meeting follows its previous decision on May 22, when the committee cut the key policy rates by 100 basis points to 24% for the deposit rate, 25% for the lending rate, and 24.5% for the main operation rate. The credit and discount rate was also lowered by 100 basis points to 24.5%.

This latest meeting coincides with fresh data showing a slowdown in Egypt’s annual inflation rate, which dropped to 14.4% in June 2025, down from 16.5% in June 2024, according to figures released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

Amr El-Alfy, Head of Equity Strategy at Thndr Securities, commented on the inflation outlook, stating:

> “Inflation trends in Egypt are not linear and are influenced by multiple fluctuating factors. We expect the annual inflation rate to remain within its current range, although minor increases could occur in the coming months due to expected hikes in electricity, natural gas, and fuel prices — before easing again toward the end of the year.”

USD Exchange Rates Today – July 10, 2025:

Central Bank of Egypt:

Buy: EGP 49.54

Sell: EGP 49.67

National Bank of Egypt:

Buy: EGP 49.58

Sell: EGP 49.68

Banque Misr:

Buy: EGP 49.58

Sell: EGP 49.68

Bank of Cairo:

Buy: EGP 49.58