LATEST MONETARY POLICY STATEMENT
The National Bank of Ethiopia has taken a number of policy measures aimed at reducing inflation in a significant and sustained manner.
What we use monetary policy for
Foster monetary, credit and financial conditions conducive to orderly, balanced and sustained economic growth and development.
Preserve the purchasing power of the national currency – ensuring that the level of money supply is generally consistent with developments in the macro- economy and intervening in the foreign exchange rate market for the purpose of stabilizing the rate when conditions necessitate.
Encourage the mobilization of domestic and foreign savings and their efficient allocation for productive economic activities through the implementation of a prudent marketdriven interest rate policy.
Facilitate the emergence of financial and capital markets that are capable of responding to the needs of the economy through appropriate policy measures. These measures would ensure the gradual introduction of trading instruments on a short-term basis.