The National Bank of Ethiopia is busy again. Four years ago, it was scrambling to contain inflation that was racing towards 30 percent. Alarmed by rapid credit expansion that threatened to fuel even higher prices, the central bank reached for one of its most forceful tools: a 14 percent cap on annual loan growth. Today, […]
The National Bank of Ethiopia is busy again. Four years ago, it was scrambling to contain inflation that was racing towards 30 percent. Alarmed by rapid credit expansion that threatened to fuel even higher prices, the central bank reached for one of its most forceful tools: a 14 percent cap on annual loan growth. Today, […]
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