Angola: Bank of Angola keeps its Basic Interest Rate unchanged after July's hike
October 14, 2015
At its policy meeting on 28–29 September, the Central Bank of Angola decided to maintain the Basic Interest Rate unchanged at 10.50%. The Bank considered the decision to be appropriate due to the high level of inflation as well as the current state of the local and international economies. The next monetary policy meeting is scheduled for 27 October.
Regarding the stock of credit in the economy, the Monetary Policy Committee said that in August it had expanded 9.12% in cumulative terms since the beginning of the year. The Bank went on to add that in the same month the primary exchange rate depreciated by 0.01%.