Sees no major birr devaluation, will regulate rate
Govt to seek ways of easing inflationary pressures
(Adds fresh quotes, details, background)
ADDIS ABABA, Feb 3 (Reuters) - Ethiopian Prime Minister Meles Zenawi ruled out the possibility of another major devaluation of the birr on Thursday amid concerns the present rate is fuelling inflation in the Horn of Africa nation.
"There will not be any major changes to the rate in the coming five years," Meles told legislators during a question and answer session in the capital Addis Ababa.
"What we will do instead is monitor and regulate the rate on the basis of conditions on the ground, with an eye on its effect on trade with our major partners," Meles said.
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