International Reserves in Angola
Angola - International ReservesEconomic conditions should have improved in Q1. Inflation eased amid a strengthening currency, which, coupled with the rollback of some Covid-19 restrictions, bodes well for household spending. Rising oil prices and production throughout Q1 likely supported government finances. A similar narrative is expected to be unfolding in Q2. Domestic and international anti-pandemic measures were further eased in early April. Additionally, price pressures continued to trend downwards through May, reaching an 18-month low in the month and supporting private consumption. Government finances are likely continuing to improve as well: The war in Ukraine has kept oil prices elevated through May, while production picked up pace. Meanwhile, the first-ever initial public offering occurred with the country’s largest private bank, which may encourage increased privatization.
Angola - International Reserves Data
|International Reserves (USD)||23.8||23.7||17.5||15.4||16.3|
5 years of economic forecasts for more than 30 economic indicators.
Angola International Reserves Chart
Source: Central Bank of Angola
|Exchange Rate||479.0||0.0 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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November 12, 2022
Inflation came in at 16.7%, which was down from September’s 18.2%.
November 11, 2022
Following three months of consecutive declines, the average price for Cabinda oil rose to USD 95.0 per barrel (pb) in October, up from September’s USD 92.5 pb.
October 12, 2022
The average price for Cabinda oil fell to USD 92.5 per barrel (pb) in September, down from July’s USD 106.6 pb.
September 30, 2022
GDP growth accelerated to 3.6% year on year in the second quarter, from 2.8% in the first and marked the fastest expansion since Q1 2015.
September 26, 2022
On 26 September, the Monetary Policy Committee of the National Bank of Angola (BNA) decreased the basic interest rate from 20.00% to 19.50%.