- New platform enables secure, short-term borrowing and lending among banks, enhancing liquidity management
- National Bank of Ethiopia aligns with global standards in financial infrastructure modernisation
Addis Ababa, Ethiopia – The National Bank of Ethiopia (NBE) has officially launched its online Interbank Money Market (IMM) platform, marking a pivotal advancement in the country’s financial sector. This initiative aligns with Ethiopia’s transition to an interest-rate-based monetary policy framework, providing a structured avenue for banks to borrow and lend funds over short terms, ranging from one to seven days, to better manage liquidity.
You need an active subscription to continue reading this article.
