IMF to Push Higher Interest Rates in Ethiopia
The International Monetary Fund is to push Ethiopia to increase bank rates to counter real interest rates which are deeply in the negative due to the inflation rates.
Real interest rates are negative noted Jan Mikkelsen, Ethiopian Resident Representative of the IMF. The IMF mission making a visit to Ethiopia on the 4th of June will counsel the government to increase interest rates as a monetary policy option to sustain the growth registered over the last years he said.
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