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Angola Hikes Key Rate to Record High to Contain Inflation

  • MPC increases benchmark interest rate to 20% from 15.5%
  • Luanda inflation of 28% was at a near-four year high in May
Angola's central bank in Luanda.

Angola's central bank in Luanda.

Photographer: Simon Dawson/Bloomberg

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Angola’s central bank unexpectedly increased its benchmark interest rate to a record high to curb inflation.