{"id":325214,"date":"2020-07-28T03:47:00","date_gmt":"2020-07-28T07:47:00","guid":{"rendered":"https:\/\/news.google.com\/articles\/CAIiEDgYuGMTOz1AG-0bMXO2HboqGQgEKhAIACoHCAow4uzwCjCF3bsCMIrOrwM?oc=5"},"modified":"2020-07-29T23:29:50","modified_gmt":"2020-07-30T03:29:50","slug":"ethiopia-plans-to-introduce-a-floating-exchange-rate-for-birr","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/325214","title":{"rendered":"Ethiopia plans to introduce a floating exchange rate for birr"},"content":{"rendered":"<p>Ethiopia plans to start setting a central bank benchmark interest rate and to introduce a floating exchange rate, according to the National Bank of Ethiopia Governor Yinager Dessie.<\/p>\n<p>\u201cIn the next three years, we will work toward a market-driven interest rate that can truly be used as a monetary policy instrument,\u201d Yinager said Monday on state-affiliated Fana Broadcasting Corp. The central bank\u2019s plan forms part of reforms Prime Minister Abiy Ahmed\u2019s administration is rolling out to boost investment and continue strong economic growth. <\/p>\n<p>The banking system has a minimum deposit rate, currently 7%, while the lenders set their own loan prices without a benchmark reference. Still, most rates are negative with inflation that was at 21.6% in June. [&#8230;] <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-28\/ethiopia-sees-new-benchmark-rate-floating-currency-after-2023\" >CONTINUE READING<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethiopia plans to start setting a central bank benchmark interest rate and to introduce a floating exchange rate, according to the National Bank of Ethiopia Governor Yinager Dessie. \u201cIn the next three years, we will work toward a market-driven interest rate that can truly be used as a monetary policy instrument,\u201d Yinager said Monday on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":325453,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-325214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiopian-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2020\/07\/Ethopian-Birr.jpg?fit=507%2C338&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-1mBo","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/325214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=325214"}],"version-history":[{"count":4,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/325214\/revisions"}],"predecessor-version":[{"id":325388,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/325214\/revisions\/325388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media\/325453"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=325214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=325214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=325214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}