October 10, 2017 / 8:46 AM

ADDIS ABABA, Oct 10 (Reuters) – Ethiopia’s central bank has devalued the Ethiopian birr by 15 percent to boost lagging exports, its deputy governor announced on Tuesday.

The bank also raised its main interest rate to 7 percent from 5 percent, he said.

Reporting by Aaron Maasho; editing by John Stonestreet