Ethiopia Maintains Its Monetary Policy Rate at 16%

On 3 November, the National Bank of Ethiopia announced that its Monetary Policy Committee had kept the policy rate unchanged at 16% following its eighth meeting. The bank also reported broad money growth of 40.2% year on year and annual reserve money growth of 87.2% in the first quarter of 2026/27. No new monetary funding package was announced. The decision has implications for lenders, businesses, investors and financial institutions managing borrowing costs and liquidity. HPC can support policy research, financial-sector partnerships and market-entry advisory services.