Central Bank Pegs Lending Rate Unchanged At 16 Percent

Central Bank Pegs Lending Rate Unchanged At 16 Percent

Angola’s Apex bank kept its benchmark lending rate unchanged at 16 per cent following a policy meeting on July 31, the regulator said in a statement on Wednesday.

The Bank of Angola’s monetary policy committee said it was satisfied with the downward trajectory of inflation since January.

Consumer price-growth slowed to 30.51 per cent year-on-year in June having began the year at a rate of over 40 per cent.

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