Overnight Lending Rate

The Overnight Lending Rate is announced by the Central Bank of Egypt (CBE). It is the interest rate at which banks can borrow funds from the CBE overnight to meet their reserve requirements or to cover any short-term funding gaps. A rise in this rate makes it more expensive for banks to borrow funds, which can lead to a reduction in the supply of money in the banking system, leading to an increase in the demand for the Egyptian Pound (EGP). Otherwise, if the CBE decides to lower the Overnight Lending Rate, it usually will trigger a bearish reaction on the EGP.

Next event - Thursday 21 November 2024 17:00

Previous
28.25%
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Overnight Lending Rate yet - check back for updates.

Most recent - Thursday 18 July 2024 17:00

Previous
28.25%
Forecast
28.25%
Actual
28.25%

Trading range

Forecast history

The most recent announced value for Overnight Lending Rate was 28.25% against a forecast of 28.25%.

Past events

Date
Forecast
Actual
Thursday 18 July 2024 17:00
28.25%
28.25%
Thursday 23 May 2024 17:00
-
28.25%
Wednesday 6 March 2024 07:30
-
28.25%
Thursday 1 February 2024 18:50
20.25%
22.25%
Thursday 21 December 2023 17:30
20.25%
20.25%
Thursday 2 November 2023 17:30
20.25%
20.25%
Thursday 21 September 2023 18:10
20.25%
20.25%
Thursday 3 August 2023 18:30
19.25%
20.25%
Thursday 22 June 2023 18:20
19.25%
19.25%
Thursday 18 May 2023 17:30
19.25%
19.25%
Thursday 30 March 2023 16:40
-
19.25%
Thursday 2 February 2023 18:25
-
17.25%
Monday 12 December 2022 17:15
-
17.25%
Thursday 27 October 2022 06:30
-
14.25%
Thursday 22 September 2022 16:40
-
12.25%
Thursday 18 August 2022 15:40
-
12.25%
Thursday 23 June 2022 15:50
-
12.25%
Thursday 19 May 2022 15:30
-
12.25%
Monday 21 March 2022 06:55
-
10.25%
Thursday 3 February 2022 14:40
-
9.25%
Thursday 16 December 2021 17:40
-
9.25%

About Overnight Lending Rate

Country:Egypt
Currency:EGP
Source:Central Bank of Egypt
Category:Central Banks
Frequency:Irregular

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