Friday, August 30, 2013

Angola cuts rate 25 bps as inflation falls further

    Angola's central bank reduced its main policy rate by 25 basis points to 9.75 percent as monthly inflation rose by only 0.52 percent, the lowest ever recorded.
    The National Bank of Angola (BNA), which also cut its rate by 25 basis points in in January,  also cut the rate on its standing lending facility to 11 percent from 11.25 percent and the rate on its standing liquidity absorbtion facility to 0.75 percent from 1.0 percent.
    Angola's annual inflation rate eased to 9.04 percent in July from 9.19 percent in June, continuing the stable trend with inflation between 9 and 10 percent in the last 12 months.


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