As a result, the policy rate declined to 20.5% in Q4 2025, compared to 27.8% in Q1 2025. Strong interbank passthroughApproximately 94% of the cumulative policy rate cuts were transmitted to the interbank market. Meanwhile, the spread between new lending rates and the interbank rate remained contained, indicating broadly accommodative financing conditions. The moderation reflects early transmission of policy easing to domestic funding costs. The coverage ratio (submitted-to-required bids) eased slightly to 2.6x in Q4 2025 from 3.0x in Q1 2025, indicating sustained investor appetite despite some moderation.

Source: Daily News Egypt February 28, 2026 14:52 UTC