"Our economy, like the others, works in a context of integration, of globalization, there are effects that, regardless of geographic distance, end up affecting us", said José de Lima Massano, in Luanda, at the end of the meeting of the Monetary Policy Committee.
The governor pointed to impacts at two levels: on the price of a barrel of oil, which is now above the most optimistic projections, which is positive for exporting countries such as Angola, but also negative effects related to the import of food and raw materials, due to the rise in the price of 'commodities', which will be reflected in domestic terms.
"Our economy has shown itself to be resilient. This is also verified with the most recent behavior of inflation and our expectation is that it will continue on this slowdown, hence we maintain the forecast for this year at around 18 percent", he stressed.
However, he added, the BNA is attentive to the evolution of events: "We are currently attentive to all the effects, both internal and external, that may condition this evolution and the BNA is also prepared to, with its instruments, influence the maintenance of price stability".
"The fact that we have a slight slowdown in the inflation rate cannot allow us to make a change in the course of monetary policy, we still have many uncertainties", highlighted the head of the BNA.
José de Lima Massano reinforced that the central bank will continue to pursue policies that lead to single-digit inflation: "What we are looking for is single-digit inflation, our forward actions must lead us to single-digit inflation."
Russia launched a military offensive in Ukraine on February 24 that killed at least 1,232 civilians, including 112 children, and wounded 1,935, including 149 children, according to the latest UN data, which warns of the likelihood that the real number of civilian casualties be much higher.
The war caused the flight of more than 10 million people, including more than 4 million refugees in neighboring countries and almost 6.5 million internally displaced people.
The UN estimates that around 13 million people are in need of humanitarian assistance in Ukraine.
The Russian invasion was condemned by the international community in general, which responded by sending weapons to Ukraine and reinforcing economic and political sanctions on Moscow.
