Interest Rate in Ethiopia
Ethiopia - Interest RateGrowth 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
|Policy Interest Rate (%)||7.50||7.50||7.50||7.50||7.00|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||29.06||0.01 %||Jul 31|
|Stock Market||0.4||0.0 %||Jul 31|
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