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Addis Ababa · ETB
Ethiopia
Africa's second most populous nation, in the middle of a historic financial liberalisation: a market-based exchange rate, a new securities exchange, and a banking sector opening to foreign investors.
Key indicatorsIndicative
Policy rate
Aug 2026
15.00%
Inflation (y/y)
Aug 2026
12.80%
Exchange rate
Aug 2026
146.0
GDP growth (proj.)
2026 proj.
7.50%
Indicators
Ethiopia by the numbers.
Policy rate
15.00%
Aug 2026
+0.00
Inflation (y/y)
12.80%
Aug 2026
-0.19
Exchange rate
146.0
ETB/USD · Aug 2026
-0.80
GDP growth (proj.)
7.50%
2026 proj.
+0.04
91-day T-bill yield
14.00%
Aug 2026
-0.15
Banking NPL ratio
3.90%
Aug 2026
-0.02
Indicative figures from the TrippleShield research desk (Indicative — TrippleShield research desk); trend lines are modelled. Verify against official releases before relying on them.
Regulatory architecture
Who supervises what.
National Bank of Ethiopia
Ethiopian Capital Market Authority
Financial Intelligence Service
Themes we're watching
What's on the agenda.
FX liberalisation
Foreign bank entry
Capital-market launch
Payments modernisation
Regulatory developments
Recent change in Ethiopia.
Jan 2025
Ethiopian Securities Exchange begins trading
The launch of the Ethiopian Securities Exchange, under a new capital-markets regulator, opens listing, disclosure and market-conduct obligations for issuers and intermediaries.
Dec 2024
Banking sector opened to foreign investment
New banking legislation allows foreign banks and investors to enter the Ethiopian market, bringing new licensing, governance and fit-and-proper expectations.
Jul 2024
Transition to a market-based foreign exchange regime
Ethiopia moved to a market-determined exchange rate, reshaping FX risk, trade finance and pricing across the banking sector and for foreign investors.
