{"id":21656,"date":"2025-12-25T17:25:49","date_gmt":"2025-12-25T15:25:49","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/egypts-central-bank-cuts-key-interest-rates-by-100-bps\/"},"modified":"2026-02-27T16:32:40","modified_gmt":"2026-02-27T14:32:40","slug":"egypts-central-bank-cuts-key-interest-rates-by-100-bps","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/egypts-central-bank-cuts-key-interest-rates-by-100-bps\/","title":{"rendered":"Egypt\u2019s central bank cuts key interest rates by 100 bps"},"content":{"rendered":"<p>Egypt\u2019s Central Bank cut its overnight interest rates by 100 basis points on Thursday, it said in a statement.<\/p>\n<p>The Monetary Policy Committee cut the overnight deposit rate to 20% from 21% and the lending rate to 21% from a 22%.<\/p>\n<p>A <em>Reuters<\/em> poll on Monday predicted the bank would lower its overnight interest rates by a median one percentage point, owing to eased inflation in November<\/p>\n<p>Egypt\u2019s annual urban consumer inflation edged lower to 12.3% in November, while core inflation, which strips out volatile items such as food and fuel, rose to 12.5% on an annual basis in November from 12.1%.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":16300,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-21656","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The Monetary Policy Committee cut the overnight deposit rate to 20%.","published_date":null,"news_description":"The Monetary Policy Committee cut the overnight deposit rate to 20%.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21656\/revisions"}],"predecessor-version":[{"id":25242,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21656\/revisions\/25242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16300"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=21656"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=21656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}