Angola’s central bank has kept its main lending rate steady at 19.50% for the fifth consecutive meeting. Inflation has slightly decreased from 26.48% in January to 25.26% year on year.
On Tuesday, Angola’s central bank announced that it would maintain its primary lending rate at 19.50%. This decision marks the fifth consecutive meeting in which the Bank of Angola has kept the rate unchanged. Additionally, inflation in Angola, an oil-producing nation, experienced a minor decline, dropping to 25.26% year-on-year in the most recent month from January’s rate of 26.48%.
In conclusion, the Bank of Angola’s decision to keep the main interest rate stable at 19.50% reflects a cautious monetary policy amidst a slight decline in inflation. Monitoring these economic indicators will be essential for future fiscal decisions.
Original Source: www.tradingview.com
