Central bank holds tight policy as birr shifts to gradual depreciation

Kiswahili

Following recent stability bolstered by bank coordination, Ethiopia's National Bank is maintaining a tight monetary policy amid the birr's gradual depreciation, as reported by Addis Fortune.

After holding steady into early 2026—building on late 2025 appreciation efforts and commercial banks' coordinated strategies—the Ethiopian birr has begun a slow downward crawl. The National Bank of Ethiopia's firm monetary stance aims to manage this depreciation amid persistent economic pressures. Coverage from Addis Fortune, Ethiopia's leading English business weekly, highlights this policy continuity. While specific exchange rates or timelines are not detailed, the shift underscores evolving challenges in foreign exchange management, with implications for inflation and business operations.

Makala yanayohusiana

Illustration depicting Argentina's Central Bank president announcing the 2026 reserve accumulation plan, with rising reserve graphs and IMF approval.
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