Fri, 02 Mar 2018 10:31 - Updated Fri, 02 Mar 2018 10:31
Central Bank keeps interest rate at 18 per cent
Luanda - The Angolan Central Bank (BNA) last Wednesday decided to keep, for the third consecutive month, the basic interest rate at 18 per cent per year, after analysing the main macroeconomic indicators, such as the inflation rate.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
Headquarters of the BNA (Luanda).
Photo: Joaquina Bento
The decision comes on a press note produced in the end of the monthly meeting of the Monetary Policy Committee (CPM) of the BNA.
In the month of November last year the BNA increased the basic interest rate from 16% to 18%, a measure that was taken to control the rise of the accumulated inflation rate.
The BNA also decided to keep cash reserve ratio of commercial banks at 21 per cent.
The note also informs that the monthly inflation rate, at national level, has been showing a rising trend in the past few months.
- 23/02/2018 16:24:17
Sumbe - Banco BIC opened Thursday its second branch in municipality of Sumbe, coastal Cuanza Sul province, bringing to 227 the number of counters across the municipalities of the country.
- 13/02/2018 13:27:09
Luanda - The National Bank of Angola (BNA) Friday recommended economic agents to make sure that there is an unavailability of supply in the domestic market of goods or services to be imported, to ensure the most efficient use of foreign exchange.
- 07/02/2018 18:33:25
Luanda - The National Reserve Bank of Angola (BNA) revoked on Tuesday the authorization to exercise the foreign exchange activity of Mere Halima-Casa de Câmbio Lda, for committing simple and serious infringements.