Egypt cuts interest rates as inflation cools and foreign reserves hit a record

Egypt's central bank cut its key interest rates by 1% (100 basis points). This move comes as the country's inflation rate has been slowing down, with the annual rate dropping to 10.1% in January 2026.

Other economic indicators show positive signs. The country's foreign currency reserves reached a record high of over $52.6 billion in January 2025. Officials also reported that Egypt received $12 billion in annual foreign investment and eliminated its dollar black market.