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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EgyptEgypt Overnight Lending Rate held to 20.0% in May 2026
FMPMonthlyReleased May 2026
Egypt Overnight Lending Rate held to 20.0% in May 2026. The reading matched the 20.0% consensus. Year-over-year, the indicator is down 5.0%. Over the past 3 months, Overnight Lending Rate averaged 20.0%, vs 20.33% in the prior 3-month window. Overnight Lending Rate is now the lowest in 31 months.
Latest Release
20
Actual
20
Consensus
20
Previous
Median Absolute Error
±0.13 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 20
Actual: 20
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.86 | FOREX | Bullish USD | → View |
| EUR/USD | ▼ Inverse | −0.86 | FOREX | Bearish EUR | → View |
| GBP/USD | ▼ Inverse | −0.70 | FOREX | Bearish GBP | → View |
| XAU/USD | ▼ Inverse | −0.51 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Overnight Lending Rate (Egypt) was reported at 20% in May 2026. This matched the market consensus of 20% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 21.63%, ranging from 20% to 25% across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 20%, down from the prior three at 21.67%. Volatility over the past year (σ 1.65%) is higher than the prior year (σ 1.27%). In May readings over the past 3 years, Overnight Lending Rate has averaged 24.42%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.13%.
WHAT TO WATCH NEXT
The next release is scheduled for July 9, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Overnight Lending Rate - EG
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About Overnight Lending Rate — Egypt
DEFINITION
The Overnight Lending Rate is a key financial indicator that measures the interest rate at which banks lend money to each other on an overnight basis. This rate is used as a benchmark for short-term borrowing and reflects the current state of the economy and monetary policy. It is closely monitored by financial institutions and investors as it can impact the cost of borrowing and overall market liquidity. A higher Overnight Lending Rate typically indicates a tighter credit market, while a lower rate suggests a more accommodative lending environment.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 20 %, consensus 20 %. Prior reading (May 2026): 20 %. Before that (Apr 2026): 20 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with USD/JPY (Bullish USD, r=0.86) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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