NBE Holds First OMO Auction, Collects Birr 19.97B

Tue, 21 Apr 2026 16:02:02 +0000
Banking

The National Bank of Ethiopia conducted its first-ever Open Market Operations auction on July 10, 2024. The liquidity-absorbing auction attracted 16 bidders at the National Bank Rate of 15 percent and collected cumulative bids of Birr 19.970 Billion. This inaugural auction follows the announcement of NBE's new Monetary Policy Framework earlier in the week.