Ethiopia's Interbank Market Sees Steady Trading and Rising Rates

Ethiopia's interbank money market recorded moderate activity for the week of January 20-23, 2026, with total trading volume reaching ETB 21.685 billion across 34 trades. Overnight maturities dominated at ETB 21.685 billion with a weighted average interest rate (WAIR) of 12.82%, up slightly by 0.1% from the prior week, signaling stable short-term liquidity. Seven-day trades followed at ETB 26.85 billion over 51 deals, posting a WAIR of 15.92%, a 1.7% increase.
​Cumulative volume since March 10, 2026, stands at ETB 1.568 trillion, underscoring the market's growth amid ESX oversight. Rising WAIRs reflect tightening liquidity conditions, potentially influencing bank funding strategies in Ethiopia's evolving financial landscape. These trends align with ongoing interbank developments reported by the Ethiopian Securities Exchange.