Brazil

Angola’s central bank maintains key interest rate, adjusts marginal lending rate upward by 0.5 percentage point

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The National Bank of Angola (BNA) has decided to keep its basic interest rate unchanged at 17%, while increasing the liquidity facility rate from 17% to 17.5%, marking an elevation of 0.5 percentage points.The permanent liquidity absorption rate will stay at 13.5.This announcement was made during a press conference in the nation's capital, Luanda, by the central bank's governor, Manuel Tiago Dias, following the 112th Monetary Policy Committee (CPM) meeting.This marks the first meeting under Dias' stewardship since he assumed the role on June 16.Dias explained the reasoning behind the decision .

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