Angola

Angola Keeps Key Interest Rate Unchanged Amid Easing Inflation

2 months ago

The Central Bank of Angola has decided to maintain its key interest rate at 18%. This decision comes as inflationary pressures in the country begin to ease, with August’s inflation rate recorded at 11.2%, slightly down from 11.5% in July. Annual inflation is moving away from the peak of 13.3% reached in May of this year.

Angola's Kwanza Hits 25-Year Low Against the Dollar

3 months ago

The Angolan kwanza has plummeted to an all-time low, reaching a level not seen in 25 years. As of September 11, 2024, the exchange rate stood at 1,250 kwanzas to one US dollar. This significant decline is a response from the government to ongoing economic difficulties in the country, including high levels of inflation and diminishing oil export revenues.

Angola Sees Positive Signs in Controlling Inflation

4 months ago

The Angolan government has announced positive results from its efforts to curb inflation, which has significantly impacted the country's economy in recent years. In an official statement following the recent economic analysis, a number of measures were highlighted that have been taken to stabilize prices and improve the financial situation of citizens.