Tuesday, January 11, 2011

Bank of Angola Cuts Overnight Lending Rate 50bps to 17%

The Banco Nacional de Angola reduced the overnight lending rate by 50 basis points to 17.00%. This follows its previous move where it also cut the rate 50 basis points to 17.50% on the 5th of January. Inflation in Angola was last reported as 16% (October).

www.CentralBankNews.info

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