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Angola Holds Interest Rates Amid Cooling Inflation

Angola Holds Interest Rates Amid Cooling Inflation

The Bank of Angola on Tuesday opted to maintain its key interest rate at 19.50% for the fourth consecutive meeting, a decision driven by a continued, albeit gradual, decline in inflation. While price pressures remain elevated, the central bank acknowledged a discernible slowdown in both monthly and annual inflation rates after peaking in the mid-year. …