The inflation rate in Ethiopia will decrease to 10% by 2025/2026.
Inflation in Ethiopia will drop to 10% in the next fiscal year, the head of the country’s central bank said last Thursday. This is considered a result of a decade of government reforms. In July of last year, this East African country entered into a four-year program with the IMF worth $3.4 billion and has been implementing extensive reforms, including the introduction of a floating birr exchange rate and the resumption of debt restructuring, reported https://xrust.ru/. Inflation has become a major headache for Ethiopia. It stood at around 30% for three consecutive years, although by March it had already dropped to 13%, according to the central bank head. He predicted that Ethiopia’s exports would double, remittances would increase by at least 25%, and noted that the country had managed to grow its foreign currency reserves. The official stated that one of the country’s major economic challenges was the contraction and decline of reserves. Resolving this issue was the starting point of every day. Following the reforms, reserve levels have tripled.
https://xrust.ru/news/311093-uroven-infljacii-v-jefiopii-snizitsja-do-10-v-20252026-godu.html
