Ethiopia's High-Stakes Interest Rate: Not Your Average Fortune Cookie
Key Points
- Ethiopia's central bank maintains a 15% interest rate as inf...
Ever wondered what happens when you mix Ethiopian coffee with monetary policy? Well, grab your calculators because the National Bank of Ethiopia is serving up a piping hot 15% interest rate with a side of economic intrigue.
The Numbers Game: Inflation's Wild Ride
Ethiopia's latest economic snapshot shows inflation cooling its heels at 15.0% in February, down from January's 15.5%. The central bank, maintaining its benchmark rate at 15%, seems to be playing the long game in its quest for single-digit inflation - sort of like trying to catch a unicorn, but with more spreadsheets.
Keep Cal...
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