Key data points
Last release
—
Observation period
Apr 30, 2025
Next release
—
Forecast
—
Highest
15.00 % on Apr 30, 2025
Lowest
3.00 % on Jun 30, 2007
About Ethiopia interest rate
In Ethiopia, interest rates decisions are taken by Monetary Committee of the National Bank of Ethiopia (NBE). In July 2024, the NBE moved to an interest-rate based monetary policy regime and adopted the National Bank Rate or NBR. The NBR rate is close to the rate at which banks lend to each other and is somewhat below commercial bank lending rates. Until July 2024, the official rate was the bank’s savings rate.
Related indicators
Frequently Asked Questions
Ethiopia interest rate is 15% at the moment.
Last month Ethiopia interest rate was 15%, and the month before it reached 15%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.