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Angolan Inflation Drops Below 20% for the First Time Since 2020

  • The decline could pave the way for central bank to cut rates
  • Banco Nacional de Angola targets sub-18% inflation by year-end

Angola’s inflation rate dropped below 20% in August for the first time in more than two years, paving the way for the central bank to start cutting interest rates.

Consumer prices rose 19.78%, the southwest African nation’s statistics agency said on Tuesday. That’s down from 26.09% in the same month a year ago and the lowest level since March 2020. The central bank forecasts inflation will slow to below 18% by the end of the year.