The Bank of Angola has maintained its main lending rate at 19.50% for the fifth consecutive meeting. The inflation rate has slightly decreased from 26.48% in January to 25.26% in February.
The Bank of Angola has decided to maintain its main lending rate at 19.50%, as announced on Tuesday. This decision marks the fifth consecutive meeting where the interest rate has remained unchanged. Furthermore, the country has observed a slight decline in inflation, which decreased to 25.26% in February from 26.48% recorded in January.
In summary, the Bank of Angola’s decision to keep the main lending rate stable at 19.50% for five consecutive meetings reflects a consistent monetary policy approach. Additionally, the slight decrease in inflation from January to February indicates modest economic stabilization efforts in Angola’s oil-dependent economy.
Original Source: www.tradingview.com
