降息100个基点，埃及央行宣布

Group 1 - The Central Bank of Egypt has decided to cut the benchmark interest rate by 100 basis points, marking the fourth consecutive rate cut since the beginning of the year [1][2] - The new overnight deposit and lending rates are set at 21% and 22%, respectively, following a previous cut of 200 basis points in August [1][2] - The decision reflects the committee's latest assessment of inflation trends and expectations, with global growth showing signs of recovery and inflation expectations remaining stable [2][4] Group 2 - Domestic GDP growth is projected to accelerate from 4.8% in Q1 2025 to 5.0% in Q2 2025, with an average growth rate of 4.4% for the fiscal year 2024/25, driven by non-oil manufacturing, tourism, and trade [2] - The Consumer Price Index (CPI) year-on-year growth rate decreased from 13.9% in July to 12.0% in August, indicating a moderation in inflation [3] - The Central Bank estimates that average inflation for Q3 will continue to slow, ranging between 12% and 13%, down from 15.2% in the previous quarter [3][4] Group 3 - The Monetary Policy Committee (MPC) believes that the 100 basis point rate cut will help maintain an appropriate monetary policy stance, anchor inflation expectations, and continue the process of inflation decline [4] - The MPC will assess the pace and intensity of monetary easing based on predictive paths, latest data, and risk balances, aiming for an inflation target of 7% (±2 percentage points) by Q4 2026 [4]