Angola To Cut Interest Rates As Long As Inflation Is Low

Oct 14, 2022 · 53s
Angola To Cut Interest Rates As Long As Inflation Is Low
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The central bank governor Jose De Lima Massano says Angola will keep cutting interest rates as long as inflation is kept low, forecasting that inflation will fall to 16% this...

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The central bank governor Jose De Lima Massano says Angola will keep cutting interest rates as long as inflation is kept low, forecasting that inflation will fall to 16% this year and 9-10% by the end of 2023.
De Lima Massano says they have interest rates in Angola above 20%. So those are too high. And if we have room to keep on reducing them, we’ll do it.
Angola has started to lower interest rates, delivering a rate cut in September for the first time since 2019, by 50 basis points to 19.5%.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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