Ver Angola

Economy

Highlights

Economy

Oxford Economics raises inflation forecast in Angola to 24 percent by June

The consultancy Oxford Economics raised its inflation forecast in Angola to 24 percent by June, then anticipating a slowdown in prices to 20 percent at the end of the year, after rising to 24.07 percent in February.

Economy

Central bank withdraws from intervention in the foreign exchange market

The governor of the National Bank of Angola (BNA) ruled out any intervention in the market and said that the volume of foreign exchange traded in the first months of the year was higher than expected.

Economy

BNA increases interest rate from 18 to 19 percent to control inflationary pressures

The National Bank of Angola (BNA) announced the increase in its main interest rates, a decision justified by the “persistence of inflationary pressures in the economy" and which aims to contribute to the control of liquidity in circulation.

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