Ethiopia Interest Rate  1995-2017 | Data | Chart | Calendar | Forecast

The National Bank of Ethiopia has raised its benchmark interest rate by 200bps to 7 percent and has devalued the Ethiopian birr by 15 percent on October 10th, 2017, in an attempt to reduce inflationary pressures and to boost exports. The devaluation pegs the Ethiopian Birr at 26.91 per US dollar, up from 23.40 on the official market and it will be effective from tomorrow, October 11th, 2017. The country's annual inflation rate hit 10.8 percent in September, its highest level in almost two years. Interest Rate in Ethiopia averaged 5.08 percent from 1995 until 2017, reaching an all time high of 11 percent in December of 1995 and a record low of 3 percent in April of 2002.

Ethiopia Interest Rate
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Ethiopia Money Last Previous Highest Lowest Unit
Interest Rate 7.00 5.00 11.00 3.00 percent [+]

Ethiopia Interest Rate

In Ethiopia, interest rates decisions are taken by Monetary Committee of the National Bank of Ethiopia. The official rate is the bank’s savings rate. This page provides - Ethiopia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ethiopia Interest Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 5.00 11.00 3.00 1995 - 2017 percent Daily

interest rate by Country
Country Last
Russia 8.25 Oct/17
Turkey 8.00 Oct/17
Brazil 7.50 Oct/17
Mexico 7.00 Nov/17
India 6.00 Oct/17
China 4.35 Oct/17
Indonesia 4.25 Nov/17
Australia 1.50 Nov/17
South Korea 1.25 Oct/17
United States 1.25 Nov/17
Canada 1.00 Oct/17
United Kingdom 0.50 Nov/17
Euro Area 0.00 Oct/17
France 0.00 Oct/17
Germany 0.00 Oct/17
Italy 0.00 Oct/17
Netherlands 0.00 Oct/17
Spain 0.00 Oct/17
Japan -0.10 Oct/17
Switzerland -0.75 Oct/17