Governor Eyob Ends NBE Deposit Rate Floors to Restore Policy Credibility

Kiswahili

Governor Eyob of the National Bank of Ethiopia (NBE) has eliminated the deposit interest rate floors for savings deposits, aiming to restore policy credibility, enhance banking flexibility, and build trust in monetary frameworks.

The National Bank of Ethiopia (NBE), under Governor Eyob's leadership, has terminated the minimum interest rate floors on savings deposits, as reported by Addis Fortune, Ethiopia's leading English-language business weekly. This policy shift seeks to adjust banking practices, improve deposit management, increase sector flexibility, and restore credibility to NBE's frameworks. While specific implementation timelines and impacts remain undisclosed, the decision marks a key step in monetary policy refinement.

Makala yanayohusiana

National Bank of Ethiopia scraps 7% deposit interest rate floor

The National Bank of Ethiopia (NBE), under Governor Eyob, eliminated the 7% minimum interest rate floor on savings deposits in late December 2025, allowing market-driven rates to restore monetary policy credibility amid economic challenges.

National bank removes deposit interest rate floor

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The National Bank of Ethiopia has decided to remove the low interest rate floor for savings deposits. This decision was made under the leadership of Governor Eyob. It aims to adjust banking policies in the country.

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