2019/20 First Quarter

The National Bank of Ethiopia's Quarterly Bulletin for the first quarter of 2019/20 reports on the country's macroeconomic and social indicators, including inflation, monetary developments, and external sector performance. The bulletin notes that headline inflation slowed to 6.0% in the first quarter, while broad money supply grew by 21.0% annually, driven by a 25.4% expansion in domestic credit. The bulletin also discusses global economic developments, including subdued growth and declining inflation in major economies.