National Bank of Ethiopia scraps 7% deposit interest rate floor

Kiswahili

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.

In a key policy shift, the National Bank of Ethiopia (NBE) removed the 7% floor on savings deposit interest rates two weeks before January 7, 2026. Announced under Governor Eyob's leadership, this change aims to enhance policy credibility and flexibility by letting rates reflect true economic conditions rather than artificial supports. The move addresses longstanding concerns in Ethiopia's financial sector, potentially boosting trust in deposit-taking institutions as part of broader banking reforms and modernization efforts.

Makala yanayohusiana

Illustration of Colombia's central bank governor announcing unchanged interest rates amid rising inflation, with President Petro's reaction inset.
Picha iliyoundwa na AI

Banco de la República keeps interest rate at 9.25%

Imeripotiwa na AI Picha iliyoundwa na AI

The Banco de la República decided to keep the interest rate at 9.25% for October 2025, citing inflation rising for the third consecutive month. President Gustavo Petro reacted by stating that rates will only fall with the next board appointment. Manager Leonardo Villar clarified that the next appointment is scheduled for February 2029.

National bank removes deposit interest rate floor

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.

Governor Eyob Ends NBE Deposit Rate Floors to Restore Policy Credibility

Imeripotiwa na AI

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.

Afrika

Dollar exchange rate reaches 155.05 birr amid weekly gap

Afrika

Strong expectations for 1-2% cut in Egypt's interest rates

Siasa

Economist criticizes labor ministry's bank directive as illegal, inefficient

National Bank restricts CAD payments to African countries

The National Bank of Ethiopia (NBE) has restricted the use of Cash Against Documents (CAD) payment terms for exports to African countries. This policy change was announced on January 10, 2026. The measure could impact Ethiopia's trade arrangements with neighboring nations.

Egypt's central bank expected to hold interest rates steady

Imeripotiwa na AI

Egypt's Central Bank Monetary Policy Committee is expected to hold interest rates unchanged at its Thursday meeting, following cuts in December 2025 and February 2026. The decision comes amid rising core inflation and geopolitical risks. Experts describe the hold as the most prudent option to maintain stability.

Ethiopia's central bank launches automated forex trading system

Ethiopia's National Bank has launched an automated trading system that transforms the foreign exchange management framework. This new platform enables real-time interbank forex trading. It marks a significant update in the country's financial infrastructure.

National Bank of Ethiopia restricts digital payments in various apps temporarily

Imeripotiwa na AI

Ethiopia's National Bank has temporarily restricted digital payment services in applications without its license, including cryptocurrencies. This measure, based on compliance inspections, aims to safeguard financial security. The bank advises individuals to rely on verified information for transactions.

Jumamosi, 21. Mwezi wa pili 2026, 12:54:13

Overnight money market trading surges to historic highs

Jumamosi, 14. Mwezi wa pili 2026, 16:41:41

Egyptian market awaits impact of 1% rate cut on savings, loans, and government debt

Alhamisi, 12. Mwezi wa pili 2026, 17:04:57

Awash Bank achieves strong performance in challenging economic times

Jumatano, 11. Mwezi wa pili 2026, 10:44:41

National Bank of Ethiopia announces major forex liberalizations

Ijumaa, 30. Mwezi wa kwanza 2026, 17:56:22

Banco de la República hikes interest rate to 10.25% amid inflation surge and minimum wage controversy

Jumanne, 27. Mwezi wa kwanza 2026, 04:47:06

Central bank holds tight policy as birr shifts to gradual depreciation

Jumanne, 30. Mwezi wa kumi na mbili 2025, 02:14:01

NBE tightens reserves and scraps minimum savings rate to curb inflation

Jumamosi, 27. Mwezi wa kumi na mbili 2025, 21:52:25

Egyptian central bank cuts interest rates by 1% as market awaits impacts

Ijumaa, 19. Mwezi wa kumi na mbili 2025, 19:56:10

Central bank keeps interest rates at 9.25%

Ijumaa, 12. Mwezi wa kumi na mbili 2025, 12:38:41

Central bank drafts strategy to cut digital payment costs

 

 

 

Tovuti hii inatumia vidakuzi

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