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Ethiopia’s Central Bank Scraps Credit Caps and Raises Key Rate to 16%

Rio Times

BusinessRio Times·Jul 20, 2026·1 min read

Ethiopia’s Central Bank Scraps Credit Caps and Raises Key Rate to 16%

Africa · Eastern Key Facts —Credit cap removed. The National Bank of Ethiopia fully lifted the economy-wide annual credit growth ceiling on commercial banks. —Benchmark rate hiked. The National Bank Rate was raised from 15% to 16%, the…

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