Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Ethiopia’s Bills Yield Far Below Bank Rate

Ethiopia sold Birr 22.5485 billion (about US$140 million) of Treasury bills at yields far below the 16% policy rate. Here is what lies behind the gap.

  • Ethiopia issued Birr 22.5485 billion in Treasury bills at 6.016% yield
  • Yields 10 percentage points below 16% policy rate set by NBE
  • Excess liquidity in banks pushed bill yields down

More from Monday 9 November →