The decisions were announced at a press conference that followed the meeting of the BNA's monetary policy committee, which took place this Thursday and Friday in Sumbe, Cuanza Sul province.
In addition to the reference interest rate, which BNA maintained at 17 percent, the interest rate on the permanent liquidity-providing facility remained unchanged at 17.5 percent and the interest rate on the pressing liquidity absorption facility at 13 percent. .5 percent.
The governor of the BNA, Manuel Tiago Dias, justified the decision to maintain interest rates with the fact that the monetary policy committee considered that the price increase observed in August “was due to seasonal factors and the insufficient supply of goods and services in a context in which domestic demand remained repressed and the exchange rate remained relatively stable”.
He also contributed to this decision “the assumption that the behavior of inflation will continue to be determined fundamentally by seasonal factors and imbalances between demand and supply”.
Inflation in Angola maintained the upward trend started in May in August, accelerating to 13.54 percent in year-on-year terms and 2.04 percent in monthly terms, mainly due to the rise in prices in the areas of education, food and transport.
