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

Ethiopia's central bank lifts credit cap and raises policy rate

The National Bank of Ethiopia has removed its temporary credit cap on banks and raised the policy interest rate by one percentage point following a Monetary Policy Committee meeting.

Anbesa Bank shareholders seek urgent meeting with NBE Governor after board election approval revoked

Imeripotiwa na AI

Shareholders representing about 35 percent of Anbesa Bank’s paid-up capital have petitioned for an urgent meeting with National Bank of Ethiopia Governor Eyob Tekalign. The request follows the central bank’s revocation of its approval for the election of the bank’s board of directors.

Afrika

Central bank of egypt holds interest rates amid rising inflation outlook

Afrika

Central Bank of Egypt expected to keep interest rates unchanged

Siasa

Al-Sisi reviews inflation and record reserves with CBE governor

Commercial Bank of Ethiopia reports 80 billion Birr profit

The Commercial Bank of Ethiopia announced an 80 billion Birr profit for the 2025/26 fiscal year. President Abe Sano stated in a press briefing that the bank disbursed 648 billion Birr in loans across various sectors.

Deposit Insurance Fund provides assurance for bank deposits

Imeripotiwa na AI

The chief executive of the Deposit Insurance Fund, Dr. Desalegn Ambaw, said the fund gives citizens confidence to deposit money in banks and microfinance institutions without fear.

Ijumaa, 10. Mwezi wa saba 2026, 00:13:33

National Bank nullifies Anbesa Bank board election

Jumatano, 8. Mwezi wa saba 2026, 23:06:19

Central Bank of Egypt to decide interest rates on Thursday

Jumamosi, 4. Mwezi wa saba 2026, 18:48:03

Hijra Bank revenue surges 97% after lending cap removal

Jumatano, 1. Mwezi wa saba 2026, 00:59:50

IMF urges NBE to prepare for further monetary tightening

Alhamisi, 18. Mwezi wa sita 2026, 12:31:25

Government urges state banks not to rush credit rate increases

Ijumaa, 22. Mwezi wa tano 2026, 15:08:30

NBE allocates USD 200 million for June forex auctions

Jumatano, 20. Mwezi wa tano 2026, 13:29:07

National Bank of Ethiopia revises foreign exchange rules for banks

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa