Angola’s central bank keeps the main lending rate at 19.50% for the fifth time. Inflation decreased to 25.26% year-on-year in February, down from 26.48% in January.
The central bank of Angola has announced that it will keep its primary lending rate unchanged at 19.50%. This decision marks the fifth consecutive meeting during which the Bank of Angola has opted to maintain this rate. Additionally, recent data indicates that inflation within the nation has seen a slight decline, decreasing to 25.26% year-on-year in February, down from 26.48% in January.
In summary, Angola’s central bank has decided to retain its main interest rate at 19.50% for the fifth consecutive time amid a slight decrease in inflation from January to February. This move reflects the bank’s strategy in response to current economic conditions in the country.
Original Source: www.tradingview.com
