Ethiopia’s central bank plans to maintain high interest rates for the remainder of 2024 to curb inflation driven by an FX policy overhaul. The key rate was set at 15% in July, following a 30% devaluation of the birr, with inflation having dropped to 17.5% in September, down from 29% a year ago. Foreign reserves have more than doubled since the reforms, though no specific figures were provided. The central bank plans to start regularly publishing reserves data in the near future.