The National Bank of Ethiopia (NBE) raised its main interest rate to 16% on Monday, July 13, up from 15% previously, in a context of accelerating inflation and rising international oil prices. This is the first revision of this rate since 2024. Annual inflation stood at 13.4% in May, up from 11.7% in April. The…...
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Ethiopia: Central Bank raises its key interest rate to 16% to contain inflation
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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