The Day Monetary Policy Joined the Ruling PartyIn Ethiopia, even institutional neutrality has stopped pretending
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.

