Interest Rate in Ethiopia

Ethiopia Interest Rate | Economic News & Forecasts

Ethiopia - Interest Rate

Growth likely held steady in the 2018–2019 fiscal year, which ended in July, underpinned by robust infrastructure investment and despite foreign exchange shortages and electricity rationing. Although data is scarce, momentum seemingly eased heading into the current fiscal year, as a locust invasion has devoured crops in in the eastern part of the country. Meanwhile, on the political front, the government announced at the end of November that it will remove barriers to investment in its mining sector, by giving incentives to invest in minerals used in agriculture and construction. Moreover, the government—which has secured a grant of more than EUR 350 million from Germany to support pro-market reforms—revealed it will privatize six sugar projects in Q1 2020. That said, the cabinet will keep the country’s banking and insurance sector closed to foreign investors, according to a draft law made known in early December.

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

Value Change Date
Exchange Rate31.980.01 %Jan 01
Stock Market0.40.0 %Jan 07

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