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Egypt Bank Lending Rate

Price

24.1 %
Change +/-
+0.8 %
Percentage Change
+3.38 %

The current value of the Bank Lending Rate in Egypt is 24.1 %. The Bank Lending Rate in Egypt increased to 24.1 % on 4/1/2024, after it was 23.3 % on 3/1/2024. From 9/1/1991 to 5/1/2024, the average GDP in Egypt was 13.84 %. The all-time high was reached on 5/1/2024 with 24.4 %, while the lowest value was recorded on 9/1/2021 with 9.3 %.

Source: Central Bank of Egypt

Bank Lending Rate

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Bank loan interest rate

Bank Lending Rate History

DateValue
4/1/202424.1 %
3/1/202423.3 %
2/1/202420 %
1/1/202419.3 %
12/1/202319.5 %
11/1/202319.2 %
10/1/202319.2 %
9/1/202319.1 %
8/1/202318.7 %
7/1/202318.2 %
1
2
3
4
5
...
40

Similar Macro Indicators to Bank Lending Rate

NameCurrentPreviousFrequency
🇪🇬
Consumer Loans
978.123 B EGP959.095 B EGPMonthly
🇪🇬
Consumer spending
1.9 T EGP1.809 T EGPQuarter
🇪🇬
Gasoline Prices
0.26 USD/Liter0.27 USD/LiterMonthly

What is Bank Lending Rate?

The bank lending rate is a pivotal metric in the realm of macroeconomics and finance. As a measure that directly influences the cost of borrowing, it has far-reaching implications on economic activity, influencing everything from corporate investments to consumer spending. For any investor, policy maker, or economic analyst, understanding the intricacies of the bank lending rate is essential. At Eulerpool, we are committed to providing a thorough and nuanced understanding of this crucial economic indicator. At its core, the bank lending rate refers to the average interest rate that commercial banks charge on loans to individuals and businesses. This rate is typically determined by a central bank's monetary policy, economic conditions, and the level of risk associated with lending. Central banks, such as the Federal Reserve in the United States or the European Central Bank, often set a benchmark or base interest rate, which serves as a guideline for commercial banks. However, commercial banks adjust their lending rates based on a variety of factors, including market competition, the creditworthiness of borrowers, and their own cost of capital. The significance of the bank lending rate cannot be overstated. It is a key determinant of economic growth and stability. When lending rates are low, borrowing becomes more attractive to consumers and businesses. This can stimulate spending and investment, leading to higher economic growth. Conversely, high lending rates can suppress borrowing, reduce spending, and potentially slow down economic activity. Thus, the bank lending rate is a tool that policymakers use to regulate economic performance. For instance, during periods of economic recession, central banks may lower base interest rates to encourage borrowing and stimulate the economy. On the other hand, during times of rapid economic growth and rising inflation, they might increase rates to prevent the economy from overheating. This delicate balancing act underscores the importance of accurately monitoring and understanding changes in the bank lending rate. In addition to its role in influencing economic activity, the bank lending rate has significant implications for the financial health of individuals and businesses. For consumers, changes in the lending rate can affect mortgage rates, auto loans, and credit card interest rates. Lower lending rates may reduce the cost of these loans, making them more affordable for consumers. This can lead to increased spending on homes, cars, and other consumer goods. However, higher lending rates can make borrowing more expensive, potentially leading to reduced consumer spending and a slowdown in economic activity. For businesses, the bank lending rate affects the cost of obtaining capital for expansion and operations. Lower rates can reduce the cost of financing new projects, enabling companies to invest in growth opportunities. Conversely, high lending rates can increase financing costs, potentially leading to deferred investments and slower business growth. This dynamic plays a crucial role in shaping corporate strategies and overall economic productivity. Moreover, the bank lending rate is closely monitored by investors, as it can influence various asset classes, including equities, bonds, and real estate. For example, lower lending rates can lead to higher stock prices as businesses benefit from cheaper financing and potential earnings growth. Similarly, lower rates can result in rising real estate prices as mortgage costs decline. On the other hand, higher lending rates can dampen investor sentiment, leading to declines in asset prices. Understanding the interplay between the bank lending rate and financial markets is crucial for making informed investment decisions. The global landscape of the bank lending rate reveals interesting variations and trends among different economies. Developed nations, with stable economic environments and advanced financial systems, typically exhibit lower lending rates compared to emerging markets. This discrepancy can be attributed to factors such as inflation rates, currency stability, and the overall risk premium associated with different countries. Emerging markets, often characterized by higher levels of inflation and economic volatility, may have higher lending rates to compensate for the increased risk. This variation underscores the need for a global perspective when analyzing bank lending rates. At Eulerpool, our mission is to provide comprehensive and accurate macroeconomic data, including detailed information on bank lending rates across various economies. Our platform offers up-to-date lending rates, historical trends, and insightful analysis to support your decision-making processes. By leveraging our extensive database and expert insights, you can gain a deep understanding of the factors driving changes in lending rates and their broader economic implications. In conclusion, the bank lending rate is a critical component of the macroeconomic landscape, affecting everything from individual borrowing costs to corporate investment strategies and financial markets. Understanding this rate and its determinants is essential for policymakers, economists, financial professionals, consumers, and businesses. At Eulerpool, we are dedicated to equipping you with the knowledge and tools needed to navigate this complex economic indicator, helping you make informed decisions in an ever-changing global economy.