Egypt cuts key interest rates by 2.25%, aiming to stabilize the economy and control inflation.

Egypt's central bank has cut its key interest rates by 225 basis points, reducing the lending rate to 26% and the deposit rate to 25%. The move aims to maintain a stable monetary stance and control inflation, with a target of 7% ± 2 percentage points by the end of 2026. The bank also warned that global trade issues, including supply chain disruptions and lower demand, may slow economic growth.