NBE Archives – OROMIA TODAY

Editorial | Politics | ⏭
The Day Monetary Policy Joined the Ruling PartyIn Ethiopia, even institutional neutrality has stopped pretending
By OT Editorial Posted on2026-02-242026-02-24
When a central bank governor campaigns for a ruling political party, or any political party for that matter, Monetary Policy ceases to be an economic instrument and becomes a political one. In any democracy that still maintains a pretense of institutional order, this would be a red card—immediate, unquestionable, and final. A resignation would follow within hours. Parliamentary inquiries would begin. Constitutional lawyers would sharpen their knives. Markets would twitch. Not in Ethiopia. It barely interrupts the broadcast of a central bank governor campaigning on behalf of the ruling party.
Read More The Day Monetary Policy Joined the Ruling PartyIn Ethiopia, even institutional neutrality has stopped pretending
Editorial | Fact-checking | MMPPM | ⏭
Math Meets PP Myth: The 0.2% “Appreciation” as Statistical Noise and Political Messaging
By OT Editorial Posted on2026-01-012026-01-02
A 0.2% “appreciation” is not news from the NBE Governor; it is noise. In FX markets, such a shift is statistically meaningless—well within volatility and margin of error. Presenting it as progress is not optimism but contempt: a technocratic sleight of hand that assumes the public cannot tell arithmetic theater from economic reality. This is fifth installment in the Math Meets PP Regime Myth series.
Read More Math Meets PP Myth: The 0.2% “Appreciation” as Statistical Noise and Political Messaging
Correction | Fact-checking | MMPPM | ⏭
When Credit Capping Hits 24% — and Logic Hits Zero
By Editorial Team Posted on2025-10-14
Correction: The 24% Figure Explained — and Why the Problem Remains the Same.
The much-circulated 24% was not Ethiopia’s lending rate but the annual cap on credit expansion — the ceiling on how much new money banks can lend each year. Yet this technical correction changes little: whether through suffocating interest rates or restrictive credit policy, Ethiopia’s banking system remains trapped in a cycle that starves growth while serving debt.
Read More When Credit Capping Hits 24% — and Logic Hits Zero
Fact-checking | MMPPM | Politics | ⏭
Math Meets PP Regime Myth: Prosperity at 18-20% or More Interest Rate
By Editorial Team Posted on2025-10-122025-10-12
This fourth installment in the Math Meets PP Regime Myth series examines Ethiopia’s record-shattering bank interest rate — a feat only the Prosperity Party regime could frame as progress. In the land of sanity, interest rates hover around 1–2%, allowing businesses to borrow, grow, and reinvest. Ethiopia now faces 24% interest rate. For small and medium enterprises operating on 5–10% margins, this is not financing but strangulation. When credit costs more than profit, business shifts from value creation to sheer survival — and the economy itself begins to suffocate.
Read More Math Meets PP Regime Myth: Prosperity at 18-20% or More Interest Rate

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