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Singer Meskerem Getu Message

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Singer Meskerem Getu Message.

The National Bank of Ethiopia’s Monetary Policy Committee, during its recent meeting, reviewed the money supply, financial sector activities, monetary circulation, fiscal conditions, inflation, and the overall macroeconomic situation.
The National Bank of Ethiopia’s Monetary Policy Committee stated that it is necessary to adopt a cautious approach to ensure that the current 15 percent overall inflation rate decreases in the coming months.
To this end, it has been decided that the #National_Bank’s policy rate will remain unchanged at its current level.
The central bank noted that inflation has been declining, reaching 15 percent by the end of February.
After assessing the monetary situation, the bank stated that monetary circulation has shown robust growth within the economy.
In this statement, the central bank did not provide detailed explanations regarding foreign currency management, particularly the differences between the official and parallel markets.
Although the National Bank claims there has been significant improvement in the economy, an expert we consulted disagrees with this assessment.
Abdulmenan Mohammed (Dr.), who holds a PhD in Economics and Finance from Ethiopia, has written a paper on the subject.
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