Angola’s central bank has kept its main lending rate at 19.50% for the fifth consecutive meeting, with February inflation slightly decreasing to 25.26% from January’s 26.48%.

The Bank of Angola decided to maintain its main lending rate at 19.50%, a decision announced on Tuesday. This marks the fifth consecutive meeting where the interest rate remains unchanged. In related economic updates, inflation in Angola decreased slightly to 25.26% year-on-year in February, down from 26.48% observed in January, indicating some stabilization in the country’s economic conditions.

The Bank of Angola’s decision to keep the interest rate steady at 19.50% reflects ongoing economic management, especially amid a slight decrease in inflation rates. This approach aims to maintain financial stability despite fluctuating inflation numbers.

Original Source: www.tradingview.com