NBE Scales Back Liquidity Absorption as 100.7 Billion Birr Deposit Matures
The National Bank of Ethiopia (NBE) has sharply reduced the size of its latest liquidity-absorbing auction, offering to take 40 billion birr from commercial banks as a 100.7-billion-birr deposit operation matures on Thursday. The difference means the central bank’s latest open-market operation could leave at least 60.7 billion birr more liquidity with the...