National Bank of Ethiopia appoints two external members to its Monetary Policy Committee

The National Bank of Ethiopia announced the appointment of two external members to its Monetary Policy Committee (MPC), following approval by the NBE Board. The central bank framed the appointments as a step to strengthen the MPC’s analytical capacity and support evidence-based monetary policy decision-making. The appointments were made upon the Governor’s presentation and in accordance with the National Bank of Ethiopia Amended Proclamation. The new external members are described as economists with strong academic credentials and extensive professional experience in macroeconomic analysis and policy, expected to contribute to more rigorous policy deliberations and reinforce the MPC’s effectiveness in fulfilling its mandate. The NBE also referenced its mandate to ensure price stability and the safety and soundness of financial institutions and provided access to the full MPC members list.