{"id":26421,"date":"2012-01-07T14:21:00","date_gmt":"2012-01-07T19:21:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/01\/07\/national-bank-of-ethiopia-cut-reserve-requirement-500bps\/"},"modified":"2012-01-07T14:21:00","modified_gmt":"2012-01-07T19:21:00","slug":"national-bank-of-ethiopia-cut-reserve-requirement-500bps","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/07\/national-bank-of-ethiopia-cut-reserve-requirement-500bps\/","title":{"rendered":"National Bank of Ethiopia Cut Reserve Requirement 500bps"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.nbe.gov.et\/\">National Bank of Ethiopia<\/a>&nbsp;cut the minimum deposit reserve ratio by 500 basis points to 10% from 15% previously, the Bank also <a href=\"http:\/\/www.businessweek.com\/news\/2012-01-06\/ethiopian-central-bank-loosens-monetary-policy-to-boost-lending.html\">cut<\/a> the liquid assets to deposits ratio by the same margin to 20 percent from 25 percent previously. &nbsp;The move is aimed to encourage banks to lend money, particularly to the export sector. &nbsp;Ethiopia reported annual consumer price inflation of 39.2% in November. According to IMF statistics Ethiopia saw inflation of 10.5% in 2010, and economic growth of 6.96%, the IMF forecasts growth to average about 8% out to 2015, and inflation 6%. &nbsp;Ethiopia&#8217;s currency, the Ethiopian Birr (ETB), weakened about 2% against the US dollar last year, while the USDETB exchange rate last traded around 17.29.<\/p>\n<div><\/div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-9178347162713623019?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Ethiopia&nbsp;cut the minimum deposit reserve ratio by 500 basis points to 10% from 15% previously, the Bank also cut the liquid assets to deposits ratio by the same margin to 20 percent from 25 percent previously. &nbsp;The move is aimed to encourage banks to lend money, particularly to the export sector. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/07\/national-bank-of-ethiopia-cut-reserve-requirement-500bps\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;National Bank of Ethiopia Cut Reserve Requirement 500bps&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26421","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26421"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26421\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}