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Friday, April 15, 2011

Ethiopia Inflation Rate Accelerates to 25% in March - Businessweek

April 15 (Bloomberg) -- Ethiopia’s annual inflation rate accelerated to 25 percent in March from 16.5 percent the prior month, the Central Statistical Agency said in an e-mailed statement on April 12.

The National Bank of Ethiopia abolished two-year old lending caps on banks on April 4. The policy measure was taken partly because montary and fiscal policies had controlled inflation, Yohannes Ayalew, deputy governor of monetary stability said on April 6.

To contact the reporter on this story: William Davison in Addis Ababa at wdavison3@bloomberg.net

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