Open Market Operations Announcement of Scheduled Auction

NBE’s first-ever Open Market Operations auction was successfully held today, following the announcement of a new Monetary Policy Framework earlier this week.

The auction, which was a liquidity absorbing exercise, attracted 16 bidders at the offered National Bank Rate (NBR) of 15 percent and collected cumulative bids of Birr 19.970 Billion.

The next OMO auction will be held in two weeks time on July 25, 2024.