Bank of Angola Maintains Interest Rate Amid Slight Inflation Decline

The Bank of Angola has kept its main lending rate steady at 19.50% for the fifth consecutive meeting, despite a slight decrease in annual inflation from 26.48% to 25.26%.

The Bank of Angola has decided to maintain its primary lending rate at 19.50%. This decision marks the fifth consecutive meeting in which the rate has remained unchanged, as announced on Tuesday. The Angolan economy, notably reliant on oil production, has recently experienced a slight decrease in inflation, which fell from 26.48% in January to 25.26% year on year as of last month.

In summary, the Bank of Angola’s decision to sustain its main interest rate at 19.50% reflects a cautious approach amidst fluctuating inflation rates. The reduction in inflation, although modest, is a positive sign for the country’s economic stability moving forward.

Original Source: www.tradingview.com