Angola Cuts Benchmark Rate to 17% as Inflation Eases
By Aboki Forex —
LUANDA — Angola’s central bank has cut its benchmark lending rate by 50 basis points to 17%. The decision was announced on Thursday.
Inflation in the Southern African oil-producing country eased to 11.58% year-on-year in April. That is down from 12.42% in March.
The Bank of Angola wants to bring inflation down to single digits. At its last policy meeting in March, the bank left its main lending rate unchanged. It cited the need for caution because of the Iran war.