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The liquidity deficit in the domestic money market, which remained significantly high during the first half of 2022, declined in the latter part of 2022. However, in spite of the improvements in money market liquidity conditions, market interest rates continued to remain high, partly due to subd
capital Newspaper (L) Tesfaye Hailemichael Stock market expert who used to work at Nasdaq, Henok Assefa Managing Partner of Precise Consult and Melese Minale, Senior Macroeconomic Advisor at NBE (Photo: Anteneh Aklilu) The National Bank of Ethiopia (NBE) is drafting a directive on Open Market Operations (OMO) and Standing Facilities (SF) to establish a formal and modern interbank money market on the itinerary to capital market. Since the Home Grown Economic Reform Agenda was introduced about two and half years ago, the government has been putting in place different reforms and in...