National Bank of Ethiopia Lifts Lending Cap and Raises Policy Rate

The National Bank of Ethiopia has removed the three-year lending cap and increased its policy interest rate by one percentage point to 16 percent, signaling a shift towards indirect monetary policy.

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National Bank of Ethiopia Lifts Lending Cap and Raises Policy Rate

First report 22h agoLast update 22h ago

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started 22h ago•Last update 22h ago

The NBE's decision to lift the lending cap and raise the policy rate is seen as a significant move towards market-based interest rate determination and financial sector stabilization.

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Africa

Ethiopia· Mersa

First report 2h ago•Last update 2h ago

National Bank of Ethiopia Lifts Lending Cap and Raises Policy Rate

The National Bank of Ethiopia has removed the three-year lending cap and increased its policy interest rate by one percentage point to 16 percent, signaling a shift towards indirect monetary policy.

Quorum · collective opinions