Angola Central Bank May Cut Interest Rate as Inflation Slows

Angola’s central bank may consider cutting its benchmark rate as inflation slows, according to Governor Jose de Lima Massano.

In a meeting with Angolan food importers and distributors, Massano mentioned the stabilization of Angola’s foreign exchange market and said in a statement on the central bank’s website that inflation’s consistent deceleration was creating the type of conditions needed for a revision of the key rate. This was despite global uncertainties, he said.