Angola Banking Currency Economy Finance

Angolan central bank holds lending rate at 16 pct

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Angola’s central bank maintained its benchmark lending rate at 16 percent following the analysis of the evolution of the main macroeconomic indicators by the monetary policy committee meeting held Thursday in Luanda.

The National Bank of Angola, on its website, said the policy committee noted that the country’s inflation continues its downward trajectory since January 2017.

Inflation slowed to 29.01 percent in July, against 31.89 percent in June and 35.30 percent in the same period of 2016.

The central bank has maintained its rate since June 2016, when it raised it to the current level in order to curb rising inflation.

The next meeting of the Policy Committee is scheduled for Sept. 29.

Source: Xinhuanet


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