Interest Rate in Ethiopia

Ethiopia Interest Rate | Economic News & Forecasts

Ethiopia - Interest Rate

Growth is expected to have remained cool in FY 2018 and at the start of FY 2019, constrained by a wide current account deficit, drought and security concerns. Recent data revealed that the trade deficit widened in Q3 FY 2018, as exports dropped in the period, while imports rose mildly amid a higher fuel bill. In addition, low water levels led to electricity rationing from May to July, disrupting economic activity. That said, the government’s progress on economic reforms is shoring up the longer-term outlook. On 31 July, the government passed a bill opening up the financial sector to allow citizens who have acquired other nationalities to be able to invest in banks and lend money more easily. In addition, in August, the government granted a foreign company a financial-sector business license for the first time.

Ethiopia - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)7.50  7.50  7.50  7.50  7.00  

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Ethiopia Facts

Exchange Rate29.060.01 %Jul 31
Stock Market0.40.0 %Jul 31

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