NBE holds interest rate at 15%, eases credit cap to 24%

The National Bank of Ethiopia (NBE) has decided to hold its key interest rate steady at 15 percent while easing the credit growth ceiling to 24 percent for the 2025/26 fiscal year. This decision was announced following the fourth meeting of the NBE’s Monetary Policy Committee (MPC) on September 25, 2025The MPC, tasked with guiding the country’s monetary policy under Proclamation No. While the base rate remains unchanged, the credit growth limit has been raised from 18 percent to 24 percent, a move approved by the NBE Board after the MPC’s recommendation. Other monetary policy tools and requirements for financial institutions, including reserve requirements, were kept unchanged. The next MPC meeting is scheduled for December 2025.