Monetary PolicyExplainer
Policy monitor: National Bank of Ethiopia lifts its rate to 16% to lean against inflation
CBAN Editorial Team · 24 Jul 2026 · 4 min read
East Africa
Ethiopia
National Bank of Ethiopia (NBE) · Governor Mamo Mihretu (since 2023) · Ethiopian birr (ETB)
- Policy rate
- 16.00%
- Inflation (y/y)
- 13.9%
- GDP growth
- 6.5%
- Nominal GDP
- $145bn
- ETB per USD
- 122.4
- FX YTD vs USD
- -3.5%
- FX reserves
- $4.2bn
- Next MPC
- 29 September 2026
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