Gold and metals

Egypt, Sweden and Switzerland leave interest rates unchanged

The central banks of Egypt, Sweden and Switzerland kept interest rates unchanged at a range of 19.00% to 20.00% in Egypt, 1.75% in Sweden and 0% in Switzerland, while Sweden’s central bank signalled that it could tighten monetary policy at a faster pace if inflation continues to rise.

Listen to this article

An automatically generated audio version.

0:00
0:00
Egypt, Sweden and Switzerland leave interest rates unchanged

The Monetary Policy Committee of the Central Bank of Egypt left its key interest rates unchanged at its meeting on Thursday, September 24, 2026, while the central banks of Sweden and Switzerland kept rates at 1.75% and 0%, respectively.

Egypt’s central bank keeps key interest rates unchanged

The Central Bank of Egypt kept its overnight deposit and lending rates at 19.00% and 20.00%, respectively, and left the main operation rate at 19.50%.

Sweden signals tighter monetary policy

Sweden’s central bank left its policy rate unchanged at 1.75%, but indicated that it would begin tightening monetary policy during the year if its inflation and economic activity forecasts remain unchanged.

The bank said the policy rate may need to rise by more than indicated in its June forecast to keep inflation at around 2%, warning that the risks posed by the war in the Middle East could, individually or collectively, affect inflation and economic activity forecasts.

If there are signs of a larger and more persistent increase in inflation, the bank will raise the policy rate at a faster pace than currently expected

Swiss interest rate remains at 0%

The Swiss National Bank left its key interest rate unchanged at 0%, maintaining its current monetary policy amid mounting inflationary pressures and a weakening Swiss franc.

Assets and currencies in this story

  • CHF

Read this story in another language

Related stories

Trump Signals New Tariffs on South Korea Over Alaska Investment

U.S. President Donald Trump threatened to impose higher tariffs on South Korea if it does not proceed with investment in a $54 billion liquefied natural gas project in Alaska, while Seoul says the project's economic viability must first be established.

Sisi: Energy Crisis Puts Pressure on Africa as Fuel and Fertilizer Prices Rise

President Abdel Fattah El-Sisi said in remarks at the opening of the El Alamein Africa Business Forum that the current global energy crisis is affecting and putting pressure on African countries because of higher fuel and fertilizer prices, disruptions to supply and shipping chains, and other repercussions.

Slowing U.S. hiring cuts odds of October rate hike to 25%

A slowdown in U.S. job growth to 29,000, versus expectations for 90,000, strengthened the Federal Reserve's inclination to hold rates at its Oct. 27-28 meeting. Investors cut the probability of a rate hike at that meeting to 25% and increasingly bet on a move in December.