Regulatory Alerts2025-03-01
Third Quarter Report 2024-25
The National Bank of Ethiopia's Third Quarter Report for 2024/25 details the shift to an interest-rate based monetary policy framework in early July 2024, utilizing the National Bank Rate (NBR) as its primary signaling tool. During this period, annualized general inflation decreased to 14.6 percent, while broad money supply (M2) grew by 27.0 percent annually to Birr 3.1 trillion, primarily driven by increased domestic credit. The external sector saw merchandise exports rise by 120 percent to USD 2.0 billion and imports by 13.9 percent to USD 5.1 billion, with the Birr experiencing a 129.5 percent year-on-year depreciation against the USD due to the new market-based exchange rate regime.
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