Thursday, May 22/2025 – 07:29 PM
The Central Bank of Egypt witnessed a remarkable shift in its financial performance at the end of April 2025, as it achieved a record profit of 150.05 billion pounds, compared to 134.38 billion pounds at the end of March 2025.
The financial statements of the Central Bank showed that reserves rose to 408.24 billion pounds at the end of April, and the total property rights recorded 209.86 billion pounds compared to 194.15 billion pounds at the end of March 2025.
And the data of the monthly financial center of the Central Bank of Egypt revealed that gold balances rise to 691.56 billion pounds at the end of last April, compared to 636.76 billion pounds at the end of March.
This rise reflects the central bank’s keenness to enhance its gold reserves, one of its most important liquid assets, which enhances the durability of the financial center and reduces the risk of foreign exchange fluctuations, and indicates the diversity of the central bank’s investments, through possession of gold alongside foreign currencies, to follow careful and effective investment strategies that contribute to maintaining the value of its assets in the long term.
On the other hand, the balances of the Central Bank of the International Monetary Fund reached 26.348 billion pounds at the end of April, and the balances with banks recorded 1.097 trillion pounds at the end of April, and the central contributions to the capital of the subsidiaries and the 90th sister of the 90.235 billion pounds reached at the end of last April.
The central bank decides to reduce the interest rate today
Today, Thursday, May 22, 2025, the Central Bank of Egypt decided to reduce the interest rate of 1% on deposit and lending to the Central Bank of Egypt, in light of the ongoing economic data, for the second time in a row.
The Monetary Policy Committee of the Central Bank of Egypt said after its meeting today, Thursday, May 22, 2025, that it decided to reduce the price of deposit and lending for one night and the price of the main operation of the Central Bank by 100 basis points to 24.00%, 25.00% and 24.50%, respectively, and decided to reduce the credit and discount price by 100 basis points to 24.50%.
The annual basic inflation rate prepared by the Central Bank of Egypt increased to 10.4% in April 2025 compared to 9.4% in March 2025.
The monthly change rate in the basic record for consumer prices recorded 1.2% in April 2025 compared to 0.3% in April 2024 and 0.9% in March 2025.
