Monday, January 26, 2015

Angola postpones monetary policy meeting until Feb. 2

    Angola's central bank has postponed a meeting of its monetary policy committee to Monday, Feb. 9 from the originally scheduled Monday, Jan. 26.
    The National Bank of Angola (BNA) did not provide any reason for the change in a statement on its website.
    On Jan. 15 Angola's president appointed Jose Pedro de Morais, finance minister from 2002-2008, as the central bank's 15th governor, replacing Jose de Lima Massano.
    Massano was appointed as governor in October 2010 for an unspecified period.
    The BNA last changed its rate in October 2014 when it raised the benchmark Basic Interest Rate by 25 basis points to 9.0 percent following a rate cut in July of 50 basis points for a net reduction of 25 points in 2014.


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