Ethiopia launches monetary policy reform for price stability, economic growth

ADDIS ABABA, July 10 (Xinhua) -- The National Bank of Ethiopia (NBE), the central bank, announced the adoption of an interest-rate-based monetary policy regime in line with international best practices to ensure price stability and foster economic growth in the country.

The new regime comes as the central bank takes a major step to switch away from the previous credit ceiling policy to ensure low and stable infl