Angola Central Bank Maintains Main Interest Rate at 19.50%

The Bank of Angola has decided to keep its main lending rate at 19.50% for the fifth consecutive time, as inflation slightly decreased to 25.26% in February from January’s 26.48%.

On Tuesday, the Bank of Angola decided to maintain its primary lending rate at 19.50%, marking the fifth consecutive meeting with no change. This decision reflects the bank’s ongoing stance in response to economic conditions. Additionally, inflation in Angola, a nation heavily reliant on oil, saw a slight decrease in February, recording 25.26% year-on-year, down from 26.48% in January.

The Bank of Angola’s consistent decision to keep the lending rate unchanged underscores a cautious approach to monetary policy amidst fluctuating inflation rates. The slight reduction in inflation suggests a gradual improvement in economic conditions, although significant challenges remain.

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