Ethiopia holds rates to tame inflation
Central bank says it aims to reduce figure from 15% to single digits in “medium term”
Ethiopia’s central bank held its policy rate on March 25 at 15% in an attempt to bring inflation down to its target of below 10%.
The National Bank of Ethiopia (NBE) said headline inflation had fallen to 15% in February, down from 15.5% in January. The bank said it aimed to bring the figure down to single digits over the medium term, but did not specify a timeframe. Food inflation dropped to 14.6% in February, down from 31% a year earlier; figures from Trading Economics put the figure for January
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