National bank removes deposit interest rate floor

Kiswahili

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.

The National Bank of Ethiopia recently decided to eliminate the minimum interest rate floor applied to savings deposits. This move is intended to enhance the banking sector's flexibility. Under Governor Eyob's leadership, the bank seeks to improve deposit management practices. Specific details of the policy change were not elaborated in available information.

Makala yanayohusiana

Banco de la República board unanimously holds interest rate at 11.25% in meeting with Finance Minister amid inflation and political tensions.
Picha iliyoundwa na AI

Banco de la República unanimously holds interest rate at 11.25%, defying hike expectations amid government tensions

Imeripotiwa na AI Picha iliyoundwa na AI

In its May 1, 2026 board meeting, Banco de la República unanimously kept the benchmark interest rate at 11.25%, surprising analysts expecting a hike to combat accelerating inflation. Finance Minister Germán Ávila participated fully, citing constructive dialogue, while board members justified the decision to maintain stability amid political pressures.

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Imeripotiwa na AI

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Imeripotiwa na AI

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