MPC: Inflation rate declining but remains above central bank’s target – Ethiopian Monitor

MPC: Inflation rate declining but remains above central bank’s target – Ethiopian Monitor

Inflation rate remains above the Central bank target of reaching single-digit inflation in the medium term despite recent “encouraging progress”, says a Monetary Policy Committee (MPC). The Committee, which proposes monetary policies for the National Bank of Ethiopia, met on Tuesday to review latest inflation dynamics, along with developments in the monetary, fiscal and external sectors. The MPC noted that the February 2025 inflation rate of 15%…