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Angola Set for First Successive Rate Hike in Almost a Decade: Day Guide

Angola Set for First Successive Rate Hike in Almost a Decade: Day Guide
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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CEMAC: Beko Capital Advisory devient société de Bourse

CEMAC: Beko Capital Advisory devient société de Bourse
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Angola Surprises With Rate Hike as Focus Shifts to Inflation


Jul 03 2021, 12:22 AM
July 02 2021, 7:13 PM
July 03 2021, 12:22 AM
(Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
(Bloomberg)
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Angola’s central bank unexpectedly increased its benchmark interest rate to a record high to curb inflation.
The monetary policy committee hiked the rate to 20% from 15.5%, Governor Jose de Lima Massano told reporters Friday in Luanda. The last time it raised the benchmark was in November 2017.
The meeting that was originally due to take place on July 29 was moved forward because of the recent “evolution of the main indicators, especially inflation,” said Massano. The rise in the rate was aimed at tempering the trajectory of price growth, he said. ....

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