The National Bank of Ethiopia (NBE) has appointed two prominent economists as external members of its Monetary Policy Committee (MPC). The new appointees are Jonse Bane (Prof) and Tewodros Mekonnen (PhD). Jonse Bane is a senior academic at Addis Abeba University, while Tewodros Mekonnen serves as Ethiopia Country Manager for the International Growth Centre (IGC). Both were nominated by NBE Governor Eyob Tekalign (PhD) and approved by the Bank’s Board, chaired by Ambassador Girma Biru. The seven-member Monetary Policy Committee comprises the Governor; the Vice Governor and Chief Economist; the Chief Market & Operations Officer; the Director of Economic Modelling; the Director of Research; and the two external members. The Committee is mandated to formulate and recommend monetary and exchange rate policies aimed at maintaining price stability.

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