Ethiopia Eases Credit Growth Limits to Spur Economic Expansion

• National Bank of Ethiopia raises credit growth ceiling for banks to 18%
• Inflation falls to five-year low, signalling progress in economic reforms

Addis Ababa, Ethiopia – The National Bank of Ethiopia (NBE) has raised the annual credit growth ceiling for commercial banks from 14% to 18%, effective January 1, 2025. The move, approved by the bank’s Monetary Policy Committee (MPC) during its year-end meeting, aims to balance economic growth with inflation control, as Ethiopia’s economy continues to gain momentum.