Ethiopia Retains Key Rate at 15% to Curtail Elevated Inflation
Ethiopian monetary policymakers kept the benchmark interest rate at 15% to curb elevated inflation.
'While the on-going progress in reducing inflation is encouraging, the committee noted that the inflation rate remains above the intended target of reaching single-digit inflation over the medium term,' the National Bank of Ethiopia said in a statement Tuesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
05-06-2025
- Yahoo
Boeing agrees billion dollar deal over 737 Max crashes
Boeing has agreed to pay $1.1bn (£811.5m) to avoid prosecution over two fatal airline crashes that killed 346 people. The payments are part of a settlement with the US Justice Department (DOJ) over crashes involving 737 Max jets in October 2018 and March 2019. The agreement includes the US aviation giant paying $444.5m to families of crash victims. It will also put $455m towards improving its compliance, safety and quality programmes. Under the deal, Boeing also agreed to pay a criminal penalty of $487.2m, with half of that already paid in 2021. "Boeing is committed to complying with its obligations under this resolution, which include a substantial additional fine and commitments to further institutional improvements and investments," said a company spokesperson. If the deal is approved by a federal judge the plane maker will avoid a criminal fraud trial, which was due to begin on 23 June. The BBC has contacted the DOJ to request comment on the agreement. Two 737 Max aircraft crashed in separate but almost identical accidents that killed 346 people. In October 2018, all 189 people on a Lion Air flight died after the aircraft crashed into the Java Sea 13 minutes after take-off from Jakarta, Indonesia. In March 2019, an Ethiopian Airlines flight crashed six minutes after take-off from the Ethiopian capital of Addis Ababa. All 157 people on-board were killed. Both crashes were linked to faulty flight control systems. "We are deeply sorry for their losses, and remain committed to honouring their loved ones' memories by pressing forward with the broad and deep changes to our company", said Boeing.
Yahoo
04-06-2025
- Yahoo
Elon Musk just humiliated Trump, the bromance is over & the internet is roasting
ALLISON ROBBERT/AFP via Getty Images;President Donald Trump and Elon Musk's bromance may finally be over. The bromance between President Donald Trump and Elon Musk may finally be over. Not only has Musk announced he was stepping away from his position with DOGE (the Department of Government Efficiency), but now he's openly criticizing the mega spending bill that will fund the Trump administration's legislative agenda, calling it a "disgusting abomination" in an extremely public post on X (formerly Twitter). "I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination," Musk wrote. "Shame on those who voted for it: you know you did wrong. You know it.' This came amid a flurry of posts from Musk, where he openly admonished Republicans for voting for the 'One Beautiful Bill Act,' which the Trump administration claims will decrease the federal deficit, but Democrats have said will only serve to raise it while cutting social services like Medicaid. Musk spent $288 million on Trump's election campaign, and until recently, the two men have been joined at the hip as Musk helped him campaign, attended his inauguration (where he rallied the crowd with a, and held court alongside Trump at the White House as the head of DOGE. But now Musk has written on X that "Congress is making America bankrupt' and the spending bill 'will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden American citizens with crushingly unsustainable debt.' Although Musk hasn't posted anything about Trump specifically, he doesn't have to as the meaning is clear. The president has spent weeks whipping the vote and making veiled threats against any Republican congresspeople who oppose it. This public break from Trump is likely bothering the president bigly, and it's causing people across the internet to roast the MAGA president and Musk for a divorce that seemingly is in the air. Gay Democratic Rep. Robert Garcia tagged Musk in a post where he pointed out that 'the only people who voted for this bill were House Republicans.' Someone else quipped that "Elon's just mad because Trump's spending bill doesn't cut enough food aid for starving little Ethiopian children,' while other people joked that 'the breakup is complete.' Keep scrolling for the funniest reactions to the end of Trump and Musk being besties! "OMG the breakup is complete." "Hey @elonmusk, the only people who voted for this bill were House Republicans." "Trump is a failure and even Elon Musk knows it" "Elon's just mad because Trump's spending bill doesn't cut enough food aid for starving little Ethiopian children" "Elon Musk just went OFF on Donald Trump and the Republicans. Seems like their divorce is happening ASAP!" "Elon today." "Two things can be true at once: Elon is correct; and also no one cares what he thinks, least of all Trump." "ICYMI: Elon Muskrat just tweeted: "I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it." Only the GOP voted for it" "Elon Musk has gone woke" "Schumer: If even Elon Musk—who is Trump's buddy—says the bill is bad, you can imagine how bad this bill is." "The girls are fightingggg" "So in the elon musk and donald trump divorce who gets custody of MAGAts???' "As the child of divorce I know how hard it must be for Republicans in Congress to watch their daddies fight. But like a broken clock, Elon 'K-Hole' Musk is right." "'I don't know an Elon Musk, I take a lot of pictures with people. He may have brought me ketamine once or twice.' - DJT"
Yahoo
04-06-2025
- Yahoo
Elon Musk just humiliated Trump, the bromance is over & the internet is roasting
ALLISON ROBBERT/AFP via Getty Images;President Donald Trump and Elon Musk's bromance may finally be over. The bromance between President Donald Trump and Elon Musk may finally be over. Not only has Musk announced he was stepping away from his position with DOGE (the Department of Government Efficiency), but now he's openly criticizing the mega spending bill that will fund the Trump administration's legislative agenda, calling it a "disgusting abomination" in an extremely public post on X (formerly Twitter). "I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination," Musk wrote. "Shame on those who voted for it: you know you did wrong. You know it.' This came amid a flurry of posts from Musk, where he openly admonished Republicans for voting for the 'One Beautiful Bill Act,' which the Trump administration claims will decrease the federal deficit, but Democrats have said will only serve to raise it while cutting social services like Medicaid. Musk spent $288 million on Trump's election campaign, and until recently, the two men have been joined at the hip as Musk helped him campaign, attended his inauguration (where he rallied the crowd with a, and held court alongside Trump at the White House as the head of DOGE. But now Musk has written on X that "Congress is making America bankrupt' and the spending bill 'will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden American citizens with crushingly unsustainable debt.' Although Musk hasn't posted anything about Trump specifically, he doesn't have to as the meaning is clear. The president has spent weeks whipping the vote and making veiled threats against any Republican congresspeople who oppose it. This public break from Trump is likely bothering the president bigly, and it's causing people across the internet to roast the MAGA president and Musk for a divorce that seemingly is in the air. Gay Democratic Rep. Robert Garcia tagged Musk in a post where he pointed out that 'the only people who voted for this bill were House Republicans.' Someone else quipped that "Elon's just mad because Trump's spending bill doesn't cut enough food aid for starving little Ethiopian children,' while other people joked that 'the breakup is complete.' Keep scrolling for the funniest reactions to the end of Trump and Musk being besties! — (@) "OMG the breakup is complete." — (@) "Hey @elonmusk, the only people who voted for this bill were House Republicans." — (@) "Trump is a failure and even Elon Musk knows it" — (@) "Elon's just mad because Trump's spending bill doesn't cut enough food aid for starving little Ethiopian children" — (@) "Elon Musk just went OFF on Donald Trump and the Republicans. Seems like their divorce is happening ASAP!" — (@) "Elon today." — (@) "Two things can be true at once: Elon is correct; and also no one cares what he thinks, least of all Trump." — (@) "ICYMI: Elon Muskrat just tweeted: "I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it." Only the GOP voted for it" — (@) — (@) "Elon Musk has gone woke" — (@) "Schumer: If even Elon Musk—who is Trump's buddy—says the bill is bad, you can imagine how bad this bill is." — (@) "The girls are fightingggg" — (@) "So in the elon musk and donald trump divorce who gets custody of MAGAts???' — (@) "As the child of divorce I know how hard it must be for Republicans in Congress to watch their daddies fight. But like a broken clock, Elon 'K-Hole' Musk is right." — (@) "'I don't know an Elon Musk, I take a lot of pictures with people. He may have brought me ketamine once or twice.' - DJT"
