National bank removes deposit interest rate floor

December 30, 2025

Ti AI ṣe iroyin

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.

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

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January 05, 2026 Ti AI ṣe iroyin

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.

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March 10, 2026 19:53

National bank removes deposit interest rate floor

Awọn iroyin ti o ni ibatan

Banco de la República keeps interest rate at 9.25%

National Bank of Ethiopia scraps 7% deposit interest rate floor

Governor Eyob Ends NBE Deposit Rate Floors to Restore Policy Credibility

Central bank holds tight policy as birr shifts to gradual depreciation

National Bank of Ethiopia restricts digital payments in various apps temporarily

Financial sector reforms yield tangible results, says bank governor

Egypt's central bank expected to hold interest rates steady

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

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

Bank of Abyssinia reaches key financial milestone

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

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

National Bank of Ethiopia announces major forex liberalizations

Ethiopia's central bank launches automated forex trading system

NBE tightens reserves and scraps minimum savings rate to curb inflation

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

Petro slams central bank independence after rate hold

Central bank keeps interest rates at 9.25%

Central bank drafts strategy to cut digital payment costs

Global Bank Ethiopia meets capital threshold with strong revenue growth

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